- Media /
- Press release
FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems.
An acquisition of 135 million dollars for 60 million dollars in turnover and 130 employees, the largest in the history of the Italian multinational from a financial point of view. With this transaction, FAAC strengthens its position in the parking management systems segment, achieving leadership in the largest market in the world, North America, and placing itself among the top players at a global level.