SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced that it acquired K M P Associates Limited, “KMP”, a software and technology provider serving aviation and commercial parking clients throughout the United States and Europe.
Headquartered outside Manchester, United Kingdom, KMP’s industry-leading SaaS platform is currently deployed at over 35 airports in the U.S. and Europe and over 100 commercial parking locations in Europe. Operating under the AeroParker and MetroParker brands, KMP delivers online booking for parking and other travel services, dynamic pricing, and e-commerce capabilities which are designed to reduce congestion, enable frictionless transactions and provide a first-class consumer experience. In addition, KMP also provides comprehensive digital marketing capabilities through its award-winning digital marketing agency, KMP Digitata.
Commenting on the transaction, Marc Baumann, Chairman and Chief Executive Officer of SP+, noted, “The acquisition of KMP is aligned with our strategy of complementing organic growth with acquisitions that further strengthen our industry-leading technology capabilities, particularly in those areas that support digital transactions and the development of smart cities. Through this combination, we have the opportunity to leverage our respective relationships and expertise to bring innovative technology solutions to airports and commercial parking operations both within and outside of North America. In addition to expanding our addressable market, the acquisition of KMP has the potential to serve as a growth platform for us, advancing the digital transformation of our industry.”
Rhodri Edwards, President of KMP, said, “With the support of SP+, we will have the ability to accelerate our growth to meet the rapidly expanding demand for our services. Given the complementary nature of our solutions and services, we envision significant opportunities to bring additional value to our clients. Importantly, this is an excellent cultural fit for us, given our compelling value propositions and mutual commitment to superior client service and to the well-being of our talent.”
Jeffrey Eckerling, Chief Growth Officer of SP+, said, “We are pleased to welcome Rhodri and his team of talented software developers and revenue management and digital marketing professionals to SP+. The addition of KMP’s SaaS platform further enhances and complements our existing Sphere suite of technology solutions, which provide our clients with flexible options to meet their mobility needs and optimize their parking assets, through technology-only solutions or a combination of technology and people.”
AeroParker manages Online Booking and Parking Commercial Management for over 40 airport customers in Europe and The United States from its offices in Texas and Manchester including LAX, JFK, SFO, SEA, GLA, LPL, MUC, and the Avinor group of airports.
The AeroParker online booking system is a trusted, online, and mobile pre-book and pay ecommerce platform that is low risk, easy to administer, scalable and secure. It offers airports multiple channels to significantly increase non-aeronautical revenues and an easy way to collect valuable customer data for future commercial gain. Parking Commercial Management comprising yield management together with on/offline marketing is also offered via AeroParker expert consultants.
SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for our clients. The Company provides professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare and government clients across North America. For more information visit www.spplus.com.
KMP is a market leading technology and digital marketing company providing services via the following three brands:
- AeroParker is a SaaS ecommerce platform that increases non-aeronautical revenues for multiple major US and European airports through prebooked parking, revenue management and sales of other products such as access to airport lounges.
- MetroParker enables downtown parking operators to unleash profit from their parking assets by enabling prebooking of spaces with dynamic pricing.
- KMP Digitata delivers digital marketing strategies, campaigns, and digital systems for travel, manufacturing, professional and financial services. This includes its own product, Hangar, a digital
platform for airports that provides significant ROI by commercializing the passenger’s digital journey
across multiple channels.