Move to bolster European market position
Publicly listed Smart Parking Group has announced it has launched Smart Parking AG.
The expansion into Switzerland hopes to bring growth and strengthen the global company’s market position in Europe building on its existing subsidiaries in the UK, Denmark, and Germany.
A parking management solution for planning, development, and management of parking spaces uses sensor technology, automatic license plate recognition (ANPR), mobile apps, and cloud systems for optimising parking space utilisation.
“Our vision is to make parking stress-free, time-saving, and resource-efficient,” said Rainer Artelt, managing director of Smart Parking AG.
“With our solutions, we not only want to improve the everyday lives of drivers in Switzerland, but also offer parking lot owners the technologies they need to perfect their valuable parking space.”
Paul Gillespie, CEO of the Smart Parking Group, added: “We have a strong focus on sustainable, long-term growth.
“Therefore, we are confident that by establishing an independent branch in Switzerland, we can further expand our position in the industry and maximise our growth potential.
“In doing so, we fully address the specific, local needs in Switzerland.”
