TIBA Parking Systems
Access and Revenue Control Systems for Parking Management
Company Overview
Snapshot
Founded in January 1995, TIBA Parking Systems operates with 51–200 employees. The company was acquired by FAAC in December 2020, marking a significant milestone in its trajectory.
Business overview
TIBA Parking Systems specializes in developing access and revenue control systems for parking management. The company integrates hardware, software, and cloud technologies to optimize parking operations in diverse environments, including airports and hospitals. Its technology focuses on enhancing the efficiency of parking processes, from vehicle entry to exit, emphasizing reliability and ease of maintenance within the Automotive & Mobility Technologies sector.
Strategic signal
In December 2020, TIBA Parking Systems was acquired by FAAC. This acquisition signals a strategic consolidation within the parking technology market, indicating FAAC's intent to expand its offerings and market reach through TIBA's established solutions. For investors, this highlights the value of integrated parking management systems and the potential for strategic exits in this specialized sector.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate event for TIBA Parking Systems?
- TIBA Parking Systems was acquired by FAAC in December 2020, transitioning its ownership and operations under a new corporate structure.
- When did TIBA Parking Systems receive its last disclosed funding?
- In September 2015, TIBA Parking Systems secured an investment from Tene Investment Funds.
- Which company did TIBA Parking Systems acquire?
- TIBA Parking Systems acquired Pink Park in August 2018, expanding its portfolio and market presence.
- What was a key customer implementation for TIBA Parking Systems in 2020?
- In April 2020, Port Everglades selected TIBA Parking Systems to implement an engaged parking experience at its cruise terminal facilities.
- What was a notable project for TIBA Parking Systems in 2019?
- In December 2019, TIBA Parking Systems was selected to install its parking solutions across 20 lanes at Tulsa Airport, enhancing the airport's parking infrastructure.