Towne Park completed the acquisition of Frogparking.

Towne Park, a provider of tech-enabled arrival through departure solutions, completed the acquisition of Frogparking, a New Zealand-based provider of cloud-based, AI-driven parking and asset management solutions. Financial terms were not disclosed. “This acquisition marks a pivotal moment for Towne Park. By combining our operational expertise, IP, and proprietary revenue optimization solutions – including dynamic pricing and demand-generating e-commerce solutions – with Frogparking’s innovative technology and IP, we’re uniquely positioned to set a new industry standard for seamless arrival through departure experiences. This partnership allows us to offer the most flexible suite of technology and operational solutions, both people- and technology-driven, to meet the varying needs of current and potential clients, generating even greater value. At the same time, we’ll unlock exciting new growth opportunities for our company, including new channels and new verticals. We’re thrilled to welcome Shareena and the exceptional Frogparking team to Towne Park and look forward to what we’ll achieve together,” Andrew Kerin, Towne Park CEO.