On Monday, June 29, the Orbility Group took a
majority stake in Parking Pro, whose headquarters are in Montreal-Canada, and which
becomes a subsidiary of the group under the name Orbility Canada.
Parking Pro designs, sales, and installs
Ticketless parking management systems and is also Orbility’s distributor in
Canada for its CODEX parking management range.
The commercial relationship between Parking Pro
and Orbility began in 2015, enabling the development of our brand in Canada and
has resulted in several emblematic projects at Mont Tremblant, the Montreal
Olympic Stadium Parks and the Port of Montreal.
At the same time Parking Pro has developed a
line of Ticketless INGENIUM SYSTEM products which have been marketed in many
car parks in Canada.
The acquisition of Parking Pro is therefore
fully in line with Orbility's external growth project guided by geographic and
technological growth objectives and will give Orbility Canada the means to
expand its business across Canada. The synergies and commercial and
technological ambitions motivated the negotiations and the signing of this
project between the two companies.
Orbility have high ambitions for the Canadian
market, and the creation of Orbility Canada is our first step.
Denis St Pierre and Christophe Sallettaz, the
founders and shareholders of Parking Pro, will join the Orbility Group as
President and CEO of Orbility Canada, along with the entire Parking Pro team, whose
mission will be to commercially develop Orbility Canada and the INGENIUM SYSTEM
range with all of our distributors. We therefore welcome them to the ORBILITY
group.
Laurent GILLES
President of Orbility