Smart Parking Limited ( (AU:SPZ) ) has issued an update.
Smart Parking Limited has announced the acquisition of Peak Parking LP, acquiring 100% of its issued capital for up to USD$36 million. This strategic acquisition, which includes a mix of cash and shares, aims to strengthen Smart Parking’s market position in the parking management sector. The issued shares to the sellers are subject to a 12-month escrow period, and the company has complied with relevant regulatory requirements.
More about Smart Parking Limited
Smart Parking Limited operates in the parking management industry, providing innovative parking solutions and services. The company focuses on enhancing parking efficiency and customer experience through technology-driven solutions.
YTD Price Performance: 2.23%
Average Trading Volume: 30
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €190.2M
For detailed information about SPZ stock, go to TipRanks’ Stock Analysis page.