TIBA Parking Systems

Company Overview

Snapshot

Founded in January 1995, TIBA Parking Systems operates with 51–200 employees. The company was acquired by FAAC in December 2020.

Business overview

TIBA Parking Systems provides comprehensive solutions for parking management, integrating advanced hardware, software, and cloud technologies. Their core offerings streamline operations from vehicle entry to exit, focusing on improving efficiency, reliability, and ease of maintenance. The company serves various markets and industries, including airports and hospitals, operating within the Automotive & Mobility Technologies sector, specifically urban mobility.

Strategic signal

In December 2020, TIBA Parking Systems was acquired by FAAC. This acquisition signals a strategic consolidation within the parking management technology sector, indicating FAAC's intent to expand its market presence and integrate TIBA's access and revenue control systems into its portfolio. For investors, this highlights the value of integrated smart mobility solutions and the potential for market leaders to acquire specialized technology providers to enhance their offerings.

Company Intelligence Q&A

When was TIBA Parking Systems acquired?

TIBA Parking Systems was acquired by FAAC in December 2020.

What type of solutions does TIBA Parking Systems provide?

TIBA Parking Systems offers access and revenue control systems for parking management, integrating hardware, software, and cloud technologies.

Which medical center implemented a TIBA Parking Solution?

In March 2020, Trinitas Regional Medical Center implemented a TIBA Parking Solution to streamline its parking operations.

Which health system selected TIBA Parking Systems?

In June 2020, Allina Health selected TIBA Parking Systems for its parking management needs.

Which investor participated in a funding round for TIBA Parking Systems?

In September 2015, Tene Investment Funds participated as a lead investor in a funding round for.