SP Plus completed the acquisition of certain assets of DIVRT.

SP Plus, a provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients, completed the acquisition of certain assets, all intellectual property and a team of technical engineers, of DIVRT, a developer of innovative software and technology solutions that enable frictionless parking capabilities.. Financial terms were not disclosed. “This acquisition, coupled with our recent acquisition of KMP Associates Limited and its UK-based technology team, strengthens our position as a global provider of frictionless, SaaS solutions that are independent of our legacy parking management and transportation related operations. These transactions demonstrate the successful execution of our strategy to make acquisitions that we believe further enhance and complement our technological capabilities, expand our addressable market and help us accelerate growth,” Marc Baumann, SP+ Chairman and CEO.