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An announcement from Smart Parking Limited ( (AU:SPZ) ) is now available.
Smart Parking Limited has announced its strategic expansion into the US market through the acquisition of Peak Parking LP, a boutique parking operator with 134 locations across six states. This acquisition, valued at up to USD$36.0 million, will be funded through a combination of equity raising and an expanded credit facility, and is expected to significantly enhance Smart Parking’s earnings per share and market presence by integrating its proprietary technology platform.
More about Smart Parking Limited
Smart Parking Limited is a company in the parking industry, offering advanced technology solutions for parking management. Their primary services include parking management, valet services, and consulting, with a focus on leveraging technology to optimize parking operations.
YTD Price Performance: 8.00%
Average Trading Volume: 30
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €203.8M
For a thorough assessment of SPZ stock, go to TipRanks’ Stock Analysis page.
