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FAAC Acquires TIBA Parking Systems
FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems
Tuesday, December 22, 2020 10:56 AM
An acquisition of 135 million dollars for 60 million dollars in turnover and 130 employees, the largest in the history of the Italian multinational from a financial point of view. With this transaction, FAAC strengthens its position in the parking management systems segment, achieving leadership in the largest market in the world, North America, and placing itself among the top players at a global level.
FAAC, an Italian multinational leader in the sector of
automation and vehicle and pedestrian access control, announces the signing of a binding agreement through which it will acquire from the Israeli private equity fund ....

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