Mooreland Partners advises Park Assist on its sale to TKH Group
New York, NY / Haaksbergen, The Netherlands – July 29 2013 — Mooreland is pleased to announce that it acted as exclusive financial advisor to Park Assist on its sale to TKH Group NV (“TKH”).
Park Assist is a leading provider of intelligent infrastructure and image-based parking facility solutions. The Company’s flagship offering utilizes complex computer vision algorithms to increase the efficiency and profitability of parking assets, while providing parking customers with an improved parking experience. Based in New York City, the Company serves a global customer base that consists of shopping malls, hospitals, airports, commercial garages, stadiums, universities and municipalities. For more information, please visit www.parkassist.com.
With the acquisition of Park Assist, TKH expands its geographical position in North America and Australia and strengthens its video analytics technology to complete the existing parking solutions in the TKH Group. Through the TKH network and the strong geographical presence of TKH in Europe and Asia, Park Assist will be able to accelerate growth and expansion of their market position in Europe and Asia.
The transaction represents Mooreland’s 14th announced client transaction to date in 2013 and affirms our strong position as the leading global technology M&A advisory firm. The sale of Park Assist is Mooreland’s second announcement this month involving the sale of an emerging growth company in New York, as Mooreland continues to build its digital media and emerging technologies practice in the New York area.