HUB Parking Technology announced today that it has completed the acquisition of CTR Parking Systems. The transaction strengthens HUB Parking Technology’s business, by expanding the company’s value chain presence and adding additional capabilities. As a consequence of the acquisition 65 employees are joining HUB Parking Technology.
HUB USA’s General Manager and CEO Robert Kempton said: “We are extremely pleased to have CTR Parking Systems join the HUB USA team and FAAC Group. CTR Parking Systems brings to HUB USA many years of experience and excellence with strengths in large airport and project solutions, project management, and a strong local R & D development capability which will help support our growth and presence in the US and North American markets. It integrates itself extremely well with the existing brands of ZEAG and Datapark”.
HUB Parking Technology is committed to ensuring continuity for both its employees and clients. HUB Parking Technology will ensure a smooth transition for customers, maintaining high levels of service and operational excellence and support throughout.
CTR’s Sales VP Mark Pitchford said: “The addition of CTR Parking to the HUB USA team is a tremendous opportunity to combine our technologies and offer unique, state of the art solutions to our existing customers and expanding markets. Our employees and clients will benefit from the international expertise of the FAAC Group as well as CTR’s national presence in the US. Together, our vertically integrated solutions will allow us to meet the ever changing needs of the markets we serve, with an emphasis on quality, service and technical expertise. I am proud to be part of the future organization and exciting opportunities that lay ahead.”
The acquisition will allow HUB Parking Technology to respond to the demands of the industry, offering long-term value to customers through enhanced capabilities, a broader range of services and implementation of best practice.