Macquarie Asset Management to acquire a 43% stake in Best in Parking.

Macquarie Asset Management, an Australian global financial services group, agreed to acquire a 43% stake in Best in Parking, a parking and mobility infrastructure developer, owner, and operator. Financial terms were not disclosed. “Over the past two decades, our business has undergone tremendous growth as we explored and executed on expansion opportunities in existing and new markets – in parking, traffic and smart city technology solutions – to improve quality of life in urban areas, in particular. As we move to the next phase of our journey, Macquarie’s investment combined with its expertise in infrastructure and e-mobility will bring significant added value. We look forward to our cooperation in the next phase of the company’s evolution in parking, but also as a key enabler of smart and climate active cities,” Johann Breiteneder, Best in Parking CEO.