More changes are afoot in the parking industry, Kapsch TrafficCom AG announced that it has acquired controlling ownership of California-based Streetline, Inc., the pioneers of the first real-time parking guidance application for smartphones and in-car navigation systems.
Georg Kapsch, CEO of Kapsch TrafficCom AG commented on the acquisition and what it means for the future of parking and traffic telematics: “Transportation’s future is about enabling exceptional user experiences with intelligent mobility solutions. 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.”
Read more about the recent acquisition here.
The Kapsch Group is represented through subsidiaries, representative offices and financial interests on every continent making them one of the market leaders in the European traffic telematics and communications industries.