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.
About HUB Parking Technology
HUB Parking Technology is the FAAC Group Business Unit that develops, manufactures, installs Parking Revenue Control Systems branded ZEAG, DATAPARK and FAAC and provides after-sales HUB Parking Technology services. Through its local Group companies and distributors it is represented in all five continents and more specifically in North & South America, Europe, Africa, the Middle East, Asia and Australia.
For more information about HUB Parking Technology visit: www.hubparking.com
About FAAC Group
FAAC Group is a private owned multinational Group, pioneer in the automated systems industry for the control of pedestrian and vehicle accesses in both residential and commercial applications. The Group activity is developed through three Business Units: Access Automation, Access Control and Parking Revenue Control Systems. FAAC Group was founded in 1965 and represents today an international industrial Group with over 1,400 employees, 16 production plants and 25 foreign subsidiary companies throughout the world. The Group is based in Zola Predosa, Bologna, Italy.
For more information about FAAC Group visit: www.faacgroup.com
About CTR Systems Parking
Founded in 1964, CTR has enjoyed a rich heritage of achievement and professionalism. Today, the company delivers services to a national audience from its headquarters in Warrendale, Pa. near Pittsburgh. CTR business philosophy is centered on delivering high quality technical services and exceptional customer service while adhering to a core set of ethical business practices. As a systems integrator, CTR brings together a team of software and equipment engineers, product management specialists and quality assurance technicians to integrate leading edge software solutions with industrial hardware platforms for sophisticated, yet affordable solutions.
For more information about CTR Systems Parking visit: www.ctrsystems.com