Presentation on theme: "Has Big Business Finally Come to Parking? An Exploration of recent acquisitions of revenue control vendors by large corporations Chuck Reedstrom, CAPP."— Presentation transcript:
Has Big Business Finally Come to Parking? An Exploration of recent acquisitions of revenue control vendors by large corporations Chuck Reedstrom, CAPP Kimley-Horn & Associates, Inc.
Recent Industry Trend Acquisition, Consolidation, And Teaming
Xerox Acquired ACS Offices in 160 Countries 140,000 employees 2011 Revenue: $22.6 Billion Founded in 1906 Invested $1.6 Billion in R&D and engineering in 2011
Global Sales: $30 Billion Operations in more than 65 countries Products sold in nearly 200 countries 84,000 employees globally
Federal APD is a manufacturer of automated parking systems across North America and around the globe. Founded in 1953, Federal APD has been around since the days when most parking operations employed little more than a cigar box.
Sirit Inc. is a leading provider of Radio Frequency Identification (RFID) technology worldwide.
VESystems has broad toll industry experience in systems support, customer service, violations processing, video billing, toll operations, and program management. Established in 2000, the company has grown to more than 165 employees in several states.
PIPS Technology is a worldwide leader in Automated License Plate Recognition (ALPR) technology. PIPS designs, manufactures, and supports its complete line of ALPR products and services for use in: – law enforcement, – parking, – tolling, and – intelligent transportation systems.
FAAC is a leading company and an international pioneer in the automated systems industry and the control of pedestrian and vehicle accesses for residential and commercial applications. The Group activity is developed around four business lines: Gate automation Parking Revenue Control Systems Automatic Door or complete entrances, and Tubular Motors applications. FAAC was founded in 1965 and is today an international industrial Group with over 1,000 employees, 11 production plants in Europe and 15 foreign subsidiary companies throughout the world. The Group is based in Zola Predosa, Bologna, Italy
With over 50 years of experience in parking solutions, Zeag has been involved in providing Parking Systems and solutions for many of the world's leading companies and organizations.
On April 27th 2012 FAAC SpA completed the acquisition of Magnetic Autocontrol Group, a world player in the domain of vehicle and access control. Headquartered in Schopfheim (Germany) Magnetic Autocontrol is a sound and strong company operating in the high growth market of vehicle and pedestrian access control covering the global market through subsidiaries in Germany, Switzerland, Australia, China, Malaysia, Brazil, India and the USA. Founded in 1946 and currently employing a staff of 270, Magnetic Autocontrol is an international Group headquartered in Schopfheim (Germany) and with direct presence in many key countries such as Germany, USA, Australia, Brazil, India, Malaysia, China where it operates manufacturing or sales and post sales assets. Magnetic Autocontrol is a world known player in the domain of vehicle and pedestrian access control, providing top quality products solutions such as vehicle barriers, pedestrian gates, custom-tailored product solutions as well as technology to system integrators in the field of fare collection, immigration, boarding and security.
FAAC S.p.A acquires DATAPARK Inc., an international manufacturer of Parking Revenue Control Systems with main business interest in North and Central America, East Europe and AustraliaDataPark represents a continuation in the execution of FAAC group strategic plan, focused since last years, to grow in non traditional sectors, such as Parking Revenues Control Systems, because of the diversification and complementarity to the historic gate sector, which are offered. DataPark has installed in excess of 2,000 installations in the U.S. market. DataPark currently has sales and distributors located in major U.S. markets including San Francisco, Philadelphia, Washington D.C., Atlanta, Chicago, Baltimore, St. Louis, Miami, Boston, Denver, Seattle and Los Angeles. Outside the U.S., distributors can be found in Canada, Central America, Hong Kong, Europe, Korea and Australia.
Ohio State Outsources Parking Ohio State Universitys board of trustees voted in June to lease its parking operation to private investors for an upfront payment of $483 million. Ohio State to lease its $28 million-a-year parking operation to QIC Global Infrastructure and its partner, LAZ Parking, for the next 50 years. QIC is a long-term investor based in Queensland, Australia, and LAZ Parking is a parking operator based in Hartford, Conn.
Serco The largest firm that nobody has heard about! Employs approximately 9,000 dedicated professionals across North America Parent company employs 100,000 people worldwide Offices in more than 100 locations across North America A $7 billion companySerco Group plca leading global services provider
Major Projects - Teams » SFPark » LA ExpressPark
7,000 of San Franciscos 28,800 metered spaces 12,250 spaces in 15 of 20 City-owned parking garages SFpark works by collecting and distributing real-time information about where parking is available so drivers can quickly find open spaces. To help achieve the right level of parking availability, SFpark periodically adjusts meter and garage pricing up and down to match demand. Demand-responsive pricing encourages drivers to park in underused areas and garages, reducing demand in overused areas.
Finding parking near your destination is faster and more convenient using the parking guidance system Features include: Smartphone apps Changeable message signs Cruising for a parking spot is reduced Reduced cruising = reduced traffic congestion Reduced traffic congestion = Reduced emissions Improved travel times for other modes particularly transit Demand-based pricing increases parking availability: Adds one or two spaces per block Reduces driver frustration Better utilization of underused garage parking
Parking Meter Technology Parking Guidance System Sensors in each parking space Parking Management System Parking Management Center LA Express Park will result in more effective use of the On-Street parking supply and improved economic activity from more open spaces
Grants Available » The Federal Highway Administration (FHWA) is seeking applications to use less-tested, innovative approaches to congestion pricing to: – reduce congestion, – Improve system performance, and – advance the Department's priorities of: growing the economy, enhancing livability, and promoting environmental sustainability.
Grants Available Value pricing encompasses a variety of strategies to manage congestion on highways, including tolling of highway facilities through congestion pricing, as well as other strategies that do not involve tolls, such as mileage-based car insurance and parking pricing. The congestion pricing concept of charging variable fees based upon usage and assessing relatively higher prices for travel during peak periods. At least $3,000,000 in each fiscal year must, according to statute, be spent for projects that do not involve highway tolls.
What does all this mean? Is this investment in our industry is a reflection of the fact that parking is being recognized for the important industry that it is? New investment from large multi-national corporations could result in new advancements for whole industry. The impact of thought leaders like Don Shoup and others have created new awareness and have spurred huge government investments through agencies like FHWA, etc. Innovative governmental agencies such as the Seattle Department of Transportation and the Washington DC DOT (DDOT) are moving forward with creative research and implementation programs even without big federal grants. Transportation planners and TDM professional are becoming more engaged with parking industry practitioners to create new partnerships. Universities are beginning to create sustainable transportation degree programs. The number of smaller technology-based start-ups are increasing and interest by venture capitalists is increasing.