Cale and Parkeon join forces

Cale and Parkeon join forces

Press Release   •   Jan 11, 2018 19:45 GMT

Parkeon, the world’s leading parking and ticketing services provider, and Sweden-based
Cale, announce completion of their combination to create the future urban mobility
technologies market leader.

Parkeon and Cale had entered into exclusive negotiations in November 2017. With
completion of Parkeon’s works council consultation process, the final step has been carried
out so that the transaction can now be executed.

Cale and Parkeon solutions will continue to be offered in order to ensure a smooth and
seamless combination process for customers. The new group’s name will be announced in
the near future.

The new group plans to continue strong investments within digitalization in order to bring
innovative solutions to its 5 000 municipalities customer base as well as to its 100 million
daily users. As of September 30, 2017, Parkeon and Cale posted revenues for the previous 12
months of c.€230m and c.€70m respectively.

Bertrand Barthélemy, CEO of Parkeon, and Anton Kaya, CEO of Cale, said: “We are thrilled
that our planned Parkeon / Cale combination has been welcomed by all our stakeholders. We
can’t wait to start the work and grow our new group to become the world leader in urban
mobility technologies.”

Press Contact:

Cale
Anton Kaya, CEO
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+46 (0)8 799 37 12

Parkeon
Renaud Large, Havas Paris Advisory Director
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+33 (0)6 33 49 36 06

Läs pressmeddelandet på Mynewsdesk;
https://www.mynewsdesk.com/se/cale/pressreleases/cale-and-parkeon-join-forces-2370096

 

Cale offers innovative and efficient parking and transit payment solutions to improve urban mobility for Smart Cities. From the start in 1955, Cale has developed into a world leading brand within the parking business, with a turnover close to a billion SEK. Cale has subsidiaries, distributors and customers all around the world. Cale specializes in customizing technology, may it be for parking terminals, mobile payment solutions, transaction handling or centralized software systems, and converts this into functionality, always with the highest possible focus on the parking operator as well as the driver.

You are welcome to visit our website, www.calegroup.se, to read more about our products and services, or feel free to contact us.

Posted: 11 jan 18
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