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New Deal


Announced

FLASH to acquire Ticketech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

parking management

Acquisition

Domestic

Single Bidder

Software

Pending

Private

Friendly

Majority

Synopsis

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FLASH, a cloud parking software and mobility transformation company, agreed to acquire Ticketech, a parking technology company. Financial terms were not disclosed. "When we founded FLASH, the parking industry was poised for transformation, and digital mobility platforms were nascent. Today we are rapidly future-proofing urban mobility infrastructure by providing an agile, cloud-based, mobile-first platform for the opportunities facing drivers, utilities, asset owners, and parking operators. New York is the most dynamic global mobility market and we see massive opportunity in modernizing the New York parking and mobility industry. Ticketech shares our vision and is the perfect partner to tackle this unique, sizable opportunity," Dan Sharplin, FLASH CEO and Chairman.

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