Treviso, 8 October 2014 - Came Group strengthen its market share in the large public-space-management sector with the acquisition of the Spanish group Parkare - the parking technology and parking meter specialist.
This deal has joined two big groups, both of which can boast proven track records in the power-driven automated operators and parking-management system sectors, not to mention keen service-oriented approaches and solid technical reputations thanks to their very active research and development efforts so far.
The Parkare group, was established in 1980 which sells sustainable mobility products and solutions. In total it employs 221 people in Spain and in directly-owned branch offices in France, the United Kingdom, Chile, Mexico and Peru and distributes its products in across 20 countries through various deep seated partnerships.
Thanks to the great synergies between the two big groups, Came Group, with near revenues of 215 million euros in 2013, will strengthen its 20-year of market share in the large-public-space management sector. Parkare's joining the Came Group will act as a force multiplier to enhance the group's sales effort and further improve its performance thanks to the consolidated pre and post-sale capacity and the development of new smart-management and eco-friendly technologies for city and living spaces.
"The Veneto-based Parkare group, first began operating in this sector in the early 90s with its parking systems and then, in 2000, went on to expand its presence in the city-planning sector by establishing a dedicated division and acquiring Urbaco in 2004.
Paolo Menuzzo, President of Came Group says on Parkare acquisition – that it is a new stepping stone in our diversification strategy which began in 2004 with the acquisition of Urbaco, which today is considered one of the gems of the large-public-space management sector and is been known worldwide for invention of retractable bollards . This deal, will enable us to develop new strategies and synergies for growth in international markets and we will be able to serve our customer to the best".