In the News

Kapsch TrafficCom expands ITS portfolio – smart parking provider Streetline acquired

Date: 04/16/2015

Company: Streetline

Source: Businesswire

Kapsch TrafficCom AG announced that it has acquired controlling ownership of California-based Streetline, Inc., an innovative provider of smart parking solutions.

“Transportation’s future is about enabling exceptional user experiences with intelligent mobility solutions,” said Georg Kapsch, CEO of Kapsch TrafficCom AG. “Kapsch will integrate Streetline’s cutting-edge smart parking applications and data analytics with Kapsch’s intelligent transportation system (ITS) and world-class electronic toll collection (ETC) and traffic management solutions (TMS) to provide motorists with a better end-to-end transportation experience.”

With more than 350 million parking events in more than 30 cities, universities, and corporate campuses in North America and Europe, Streetline is a major provider of real-time parking data, analytics and other smart transportation applications.

Read full story at Businesswire

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