EQT acquires Orikan as platform investment
The platform investment centers on an Australian parking management and technology company serving municipalities, universities and commercial operators, with transaction terms undisclosed in the announcement.
Takeaways
- EQT is acquiring Orikan.
- The source materials place the business in Australia.
EQT agreed to acquire Orikan through BPEA EQT Mid-Market Growth Partnership, its Asia-focused mid-market strategy.
The Melbourne-based company provides integrated parking, enforcement and compliance technology across Australia, New Zealand and North America.
Its systems support governments, universities, transport agencies and commercial operators with parking operations, digital permits, payment systems, enforcement workflows and compliance tools.
The deal gives EQT a regional smart-mobility platform; financial terms were not disclosed.
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