Smart Parking acquires LPS (Local Parking Security Ltd)
Smart Parking, the leading provider of parking technology and services, has today announced the acquisition of LPS (Local Parking Security) and expands its market position in the UK.
KFC is undoubtedly a globally recognised business, and with over 450 drive-thru restaurants in the UK and Ireland this represents a great opportunity for Smart Parking to provide managed services to multiple outlets across the KFC portfolio.
Smart Parking’s proprietary Automatic Number Plate Recognition (ANPR) is an ideal solution for managing a car park that experiences high volumes of vehicles, and this managed solution will ensure their car parks are being fairly used by genuine KFC customers.
After a robust competitive process, Smart Parking were awarded the contract, and have been signed with the equity division of KFC who own and operate 50 of the 450 restaurants across the UK and Ireland – 13 of which are already in the delivery planning stage.
The agreement has an initial term of three years, and also provides preferred supplier access to the vast franchisee network. Of the 450 restaurants, around 250 are ideally suited for ANPR managed services, and over time all other sites will be assessed for ANPR suitability.
The primary technology solution that will be used in the contract will be our proprietary ANPR solution, however Smart Parking will also deploy our wider stack of technology including individual bay occupancy sensors, and SmartCloud – our online smart city management platform.
Group CEO | Smart Parking
Smart Parking, the leading provider of parking technology and services, has today announced the acquisition of LPS (Local Parking Security) and expands its market position in the UK.
Smart Parking, the leading provider of parking technology and services, is continuing its growth trajectory by expanding its operations into Denmark.
Smart Parking are delighted with our progress in FY23, delivering record results in a challenging macro environment, and are looking forward to delivering continued growth and strong results in FY24.