Kapsch TrafficCom expands ITS portfolio with acquisition of smart parking provider Streetline

Thinking Cities
By Thinking Cities April 16, 2015 10:35

Kapsch TrafficCom expands ITS portfolio with acquisition of smart parking provider Streetline

Kapsch TrafficCom AG has announced the acquisition of controlling ownership of California-based Streetline, Inc., an innovative provider of smart parking solutions.

“Transportation’s future is about enabling exceptional user experiences with intelligent mobility solutions,” said Georg Kapsch, CEO of Kapsch TrafficCom AG. “Kapsch will integrate Streetline’s cutting-edge smart parking applications and data analytics with Kapsch’s intelligent transportation system (ITS) and world-class electronic toll collection (ETC) and traffic management solutions (TMS) to provide motorists with a better end-to-end transportation experience.”

With more than 350 million parking events in more than 30 cities, universities, and corporate campuses in North America and Europe, Streetline is a major provider of real-time parking data, analytics and other smart transportation applications.

Georg Kapsch added, “Streetline’s industry-leading smart parking solutions are an ideal complement to Kapsch TrafficCom’s electronic toll collection and traffic management solutions introducing ‘whole trip’ efficiencies.”

By expanding its global presence into the Silicon Valley, Kapsch TrafficCom’s position to develop and deliver new, valued-added transportation solutions using known and emerging technologies is also enhanced. “Streetline opens up new customer opportunities for Kapsch and offers smart parking solutions that assist motorists in finding available parking that best suits their needs,” said Manny Krakaris, President & CEO of Streetline.

Thinking Cities
By Thinking Cities April 16, 2015 10:35