WPS takes next step in Spain through strategic agreement with Telvent

WPS Parking Systems, part of the international technical service provider Imtech, announces the signing of a strategic agreement with Telvent in order to expand its business and presence in the Spanish market. As a result of this agreement, WPS and Telvent will now both provide WPS parking management solutions to customers on the Spanish market. With this partnership WPS takes a significant step on the Spanish market, both in size and presence.
Telvent, part of Schneider Electric, provides parking management solutions to over 250 car parks throughout Spain and serves customers across all market sectors, such as leading companies in car park operators, airports, stadiums and hospitals.

According to Peter Peddemors, Managing Director of WPS, "With this strategic partnership we broaden our activities on the Spanish market and give Telvent customers in Spain access to WPS barcode technology-based parking management solutions and WPS Park & Recharge. It reinforces both WPS' as well as Telvent s commitment to meet customer needs on the Spanish market by offering the most comprehensive integrated parking management solutions, increasing the operational efficiency of parking facilities, improving the user experience and focusing on operator-friendliness and profitability. With a nationwide network of sales and service employees, 5 regional offices and over 50 years of experience on the Spanish market we strongly believe both Telvent and WPS will benefit from this partnership."

Through this partnership, Telvent can provide its customers on the Spanish market with the innovative and centralized WPS parking management solutions. WPS was the first to incorporate barcode technology into its parking management solutions, a technique that has become the market standard since. Using barcode technology gives parking operators the benefits of a reliable and secure solution with low maintenance, resulting in a reduction of operating cost and an increased profitability of their facilities.

About WPS

Established in 1985, WPS (with 250 employees a worldwide service provider in high-tech parking solutions) has always looked beyond standard Park and Pay systems. A continuing focus on end-to-end solutions means customers enjoy tailor-made results to every unique challenge presented. For more than 25 years WPS has pioneered the parking solutions that become industry standards. WPS was the first company in the world to incorporate barcode technology into parking systems, a technology which was quickly adopted across the industry. Nowadays WPS customers around the world are providing the most reliable, hassle-free parking at over 3.000 parking facilities worldwide. WPS is part of the stock exchange listed technical services company Imtech.

WPS started its activities in Spain in 2005 via a local distributor. After 5 years WPS opened a local sales office in Barcelona, followed by a second office in Madrid by the end of 2010. At the moment WPS Spain has an installed base of approx. 25 parking management solutions throughout Spain.
(www.wpsparkingsolutions.com/portal/es)

About Telvent

Telvent (NASDAQ: TLVT) is a global company offering technology solutions and information services that contributes to improve the efficiency and security of the leading companies around the world. Telvent serves markets that are decisive for the sustainability of the planet, including energy, transportation, agriculture and environmental sectors.
(www.telvent.com)

Imtech profile

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 27,000 employees, Imtech achieves annual revenue of around 4.5 billion euro. Imtech holds strong positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Imtech serves 21,000 customers. Imtech offers added value with integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society, for example in the areas of energy, the environment, water and mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam, where Imtech is included in the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.
(www.imtech.eu)
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