Smart Parking Expands into Switzerland

The parking management market is gaining momentum: The publicly listed Smart Parking Group announces the founding of Smart Parking AG.

The expansion into Switzerland aims to expand and strengthen the global company's market position in Europe. Additional subsidiaries already exist in the United Kingdom, Denmark, and Germany.

For 30 years, Smart Parking has been offering effective parking management solutions with market-leading technologies for the planning, development, and management of parking spaces.

These include solutions for sensor technology, automatic license plate recognition (ANPR), mobile apps, and cloud systems for optimising parking space utilisation. These enable customers to manage their parking spaces efficiently and profitably.

"Our vision is to make parking stress-free, time-saving, and resource-efficient," explains Rainer Artelt, Managing Director of Smart Parking AG in Zug. "With our solutions, we not only want to improve the everyday lives of drivers in Switzerland, but also offer parking lot owners the technologies they need to perfect their valuable parking space."

Smart Parking makes the entire investment in the technical equipment, greatly benefiting parking lot owners. The technologies used enable parking lot operators to generate secure income and revenue increases without maintenance or follow-up costs. Clients also benefit from more free parking spaces for their own customers by reducing illegal and unauthorised parking.

Paul Gillespie, CEO of the Smart Parking Group, adds: "We have a strong focus on sustainable, long-term growth. Therefore, we are confident that by establishing an independent branch in Switzerland, we can further expand our position in the industry and maximise our growth potential. In doing so, we fully address the specific, local needs in Switzerland."

The company works closely with industries such as retail, hotels, hospitality, tourism, leisure, medical facilities, real estate, airports and train stations, and plans to implement a large number of projects in Zurich, Bern, Basel, and Lausanne.

The company has been busy building the business with team members from the areas of sales, service, data research, parking planning and sustainability, and marketing.

About Smart Parking Limited 

Smart Parking Limited (ASX:SPZ) | A Global Parking Business

Smart Parking Limited is a pioneering technology innovator and services company in the parking industry. With offices in Australia, New Zealand, Germany, Denmark and the UK our aim is to bring our intelligent integrated smart parking services to the world and reinvent the parking experience.

The Company operates and manages thousands of car park spaces across the globe using our proprietary Smart Cloud technology linked with Automatic Number Plate Recognition/License Plate Recognition (ANPR/LPR) systems. This can be used as a single solution or with the option to be combined with payment solutions.

Smart Parking Limited has been an Australian Securities Exchange (ASX:SP) publicly listed company since early 2011.