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Came Group acquires Parkare

Came Group has acquired the Spanish group Parkare - the parking technology and parking meter specialist. The deal will join the two groups, both of which can boast proven track records in the power-driven operator and parking-system management sectors, not to mention keen service-oriented approaches and solid technical reputations thanks to their research and development efforts.

The Parkare group, established in 1980, sells sustainable mobility products and solutions. It employs 221 people in Spain and in branch offices in France, the United Kingdom, Chile, Mexico and Peru and distributes its products in 20 countries through various partnerships.

Thanks to the synergies between the two companies, Came Group, with revenue of 215 million euros in 2013, will secure its 20-year market share in the large-public-space management sector. The Veneto-based group, in fact, first began operating in this sector in the early 90s with its parking systems and then, in 2000, went on to integrate its presence in the city-planning sector by establishing a dedicated division and acquiring Urbaco in 2004.

Parkare's joining the Came Group will act as a force multiplier to enhance the group's sales effort and further improve its performance thanks to the combining pre and post-sale capacity and the development of new smart-management and eco-friendly technologies for city and living spaces.

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