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.
Smart Parking, the leading provider of parking technology and services, is continuing its growth trajectory by expanding its operations into Denmark.
After the successful launch of Smart Parking Germany back in 2022, Smart Parking has now recognised Denmark as possessing the necessary infrastructure, challenges related to smart city congestion, and favourable market conditions that align with the Group’s expansion plans in mainland Europe.
Leading the new Denmark team in the role of Managing Director will be Michael Pagh-Schou. Michael joins Smart Parking with a wealth of experience in the parking industry, previously holding a senior role of a major parking industry player in Denmark. In addition, Michael has extensive experience in building companies up from the start and holds a Masters degree in International Business and Management from the Copenhagen Business School.
The Smart Parking global team will provide support in Denmark, through technology in the form of our market-leading SmartCloud management platform. Complete with enforcement workflow & compliance management, automatic number plate recognition (ANPR) and dynamic mobile applications.
Smart Parking are focused on bringing key offerings – ANPR managed parking services and SmartCloud Hub solutions – to the Danish market. This is a new and exciting chapter in the growth of Smart Parking as we look to the future with the view of expanding our addressable markets and increasing our global footprint.
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 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.
Smart Parking, one of the UK's leading car park operators announces its 30th anniversary in the parking business.