Hub Parking Technology acquires Parking & Time Recording Services

Italy-based Hub Parking Technology, a business group of automated access systems supplier FAAC, has acquired Australian vehicle access control company Parking & Time Recording Services (PTRS).

Based in the Sydney area, PTRS has already a long history story of mutual cooperation with the 4937 FAAC Group, being a local distributor of 149 Zeag parking systems and installer of FAAC gate automation.

According to Hub, the combination of the two companies will increase the value the company delivers to customers by adding additional capabilities. Hub Australia will be able to deliver fully integrated products and an expanded services capacity. The transaction will significantly expand Hub Australia’s geographic reach in the country to a robust portfolio of clients.

Hub Australia’s general manager Vittorio Vivanet said: “Together we’ll be able to create a more comprehensive solution and deliver it to organisations across Australia at a faster pace”.