Marston Holdings has announced the acquisition of Stockholm-based Parktrade. Marston said in news release that Parktrade is a technology and data business that has two compelling offerings:
- a technology platform that facilitates easy management and payment of Low Emission Zone charges, congestion charges and free flow road tolls. This platform facilitates multi-currency payments, auto payments and electronic invoices.
- access to European vehicle registration databases, ensuring that owners of foreign registered vehicles can be identified and contacted to recover unpaid charges and contraventions.
Marston Holdings’ Chief Executive, Gareth Hughes said “Parktrade enhances our capability in two important ways, and also brings on board a high-quality management team with experience of working across European jurisdictions.
“I’m delighted to welcome them on board.”
Parktrade is Marston’s third acquisition of 2019, following that of air quality and moving traffic monitoring specialist, Videalert, and Indian artificial intelligence software developer Logic Valley.