Swisslog Acquires Frogparking, Boosting Global Parking Solutions
New Zealand's Frogparking, a globe innovator in parking solutions, has been snapped up by Swisslog, a Swiss company specialising in intralogistics. The deal was brokered by Corum Group, a global leader in software M&A services with nearly four decades of experience.
Frogparking, renowned for its advanced, integrated parking systems and real-time data analytics, has been making waves in the industry. Its solutions are trusted by high-profile clients worldwide, including cities, airports, and universities. The acquisition by Swisslog positions the combined company for sustained growth.
Allan Wilson, Corum Group's Senior Vice President, lauded Frogparking's innovation and engineering excellence. The deal was facilitated by Corum, which has completed over 500 software M&A transactions in its nearly 40-year history.
The acquisition sees Frogparking, a global leader in advance auto parts systems, join forces with Towne Park, the leading provider of arrival through departure solutions. With over 13,000 team members, Towne Park offers a comprehensive range of parking and hospitality solutions. The combination of Frogparking's technology leadership and Towne Park's scale and expertise promises a powerful force in the parking industry.
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