FlashParking Acquires Parking Division of Control Systems Incorporated (CSI)
July 6, 2020
FlashParking, a parking mobility technology company based in Austin, Texas, acquired the Parking Division of Control Systems Incorporated (CSI), a Connecticut-based parking systems provider. The purchase expands FlashParking's customer base in the U.S. Northeast (approximately 1,600 CSI customers) and transfers most of CSI's team to FlashParking while CSI retains a maintenance business for legacy equipment.
- Buyers
- FlashParking
- Targets
- Parking Division of Control Systems Incorporated (CSI)
- Sellers
- Control Systems Incorporated (CSI)
- Industry
- Transportation
- Location
- Connecticut, United States
- Transaction Type
- Divestiture
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