Parking News

L.T. Elevator Expands into Global Automated Parking Market with DYPC Acquisition

L.T. Elevator Limited has signed an agreement to acquire a 66.45% stake in South Korean automated parking specialist DYPC Inc., also known as Dongyang PC. The transaction marks the Indian company’s entry into the international automated mechanical parking market. Under the agreement, L.T. Elevator will purchase the stake at USD 2.85 per share, with the intention of moving towards full ownership. The acquisition will give L.T. Elevator access to DYPC’s proprietary technology portfolio, which includes 12 international patents and automated parking systems marketed under the …

ASSA ABLOY to Acquire Gunnebo Entrance Control

ASSA ABLOY has signed an agreement to acquire Gunnebo Entrance Control, an international provider of entrance control solutions, including speed gates, mass transit gates and security revolving doors. "I look forward to welcoming the Gunnebo Entrance Control team to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

Spike Systems Unveils Retract-A-Spike: A Flexible Vehicle Security Solution for Fleet Facilities

Spike Systems Incorporated, a leading provider of traffic control and vehicle security solutions, today announced the launch of Retract-A-Spike, a removable, low-profile vehicle access deterrent designed to help fleet facilities protect vehicles from unauthorized removal while maintaining normal day-to-day operations. Developed with the unique needs of fleet and vehicle-storage environments in mind, Retract-A-Spike provides facilities with a practical way to increase vehicle security when needed—without permanently restricting access or disrupting daily operations.

Land Digital: What Good Looks Like- A Modern Parking Operation for Commercial Sites

Up to now, barriers used to do more than stop cars…they bought the system time. In older parking environments, journeys were slower, simpler and easier to process cleanly. Entry and exit happened in sequence, transactions followed predictable paths and the system had enough separation between events to keep up with what was happening. But that’s not how most commercial sites operate anymore. Vehicles move freely between spaces, payments happen across different platforms, permits and exemptions need to update in real time, and enforcement decisions are often being made without …

NMI Enters the Smart Terminal Market with SmartPOS Solution

New Android-based terminals give NMI partners a faster path to a modern, unified in-person payments experience and processor flexibility - NMI®, a global leader in embedded payments infrastructure, announced the launch of AXIUM SmartPOS, its first all-in-one card-present terminal line for ISOs, ISVs, SaaS platforms and their merchants. Built on Ingenico’s AXIUM Android platform and integrated with the NMI payment acceptance platform, partners and their merchants now have a flexible, all-in-one point-of-sale solution for modern in-person payment acceptance.

Land Digital: What Your Parking Contract Doesn't Tell You

You know what your parking operation costs. The contract, the maintenance budget, the enforcement fees - they arrive as invoices, easy to find and easy to total up. The more interesting number is the one that never does. Every parking operation loses money in ways that rarely appear on a dashboard. Revenue slips through gaps in charging and enforcement, and teams spend hours investigating issues that should never have reached them. Operational decisions get made on incomplete information, and small inefficiencies become accepted simply because they've always existed.

Parking News

In our daily updated news section you can find all the important news from the parking industry. From new products and technologies to movers and shakers from all over the world; nothing gets past us when it comes to parking industry related information.

L.T. Elevator Expands into Global Automated Parking Market with DYPC Acquisition

ASSA ABLOY to Acquire Gunnebo Entrance Control

Spike Systems Unveils Retract-A-Spike: A Flexible Vehicle Security Solution for Fleet Facilities

Land Digital: What Good Looks Like- A Modern Parking Operation for Commercial Sites

NMI Enters the Smart Terminal Market with SmartPOS Solution

Land Digital: What Your Parking Contract Doesn't Tell You

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