Business & Finance
EQT Agrees to Acquire Australian Smart Parking Tech Firm Orikan
Key Points
EQT Agrees to Acquire Australian Smart Parking Tech Firm Orikan EQT AB agreed to acquire Australia’s Orikan, saying it will help the smart parking technology company invest in innovation, strengthen its business and expand into adjacent markets. The investment is part of EQT Private Capital Asia’s strategy under its Asia-focused MMG Fund, which has also invested in PropertyMe and Japan’s Mamezo recently, EQT said in a statement Monday. It didn’t disclose financial terms.
EQT Agrees to Acquire Australian Smart Parking Tech Firm Orikan
EQT AB agreed to acquire Australia’s Orikan, saying it will help the smart parking technology company invest in innovation, strengthen its business and expand into adjacent markets.
The investment is part of EQT Private Capital Asia’s strategy under its Asia-focused MMG Fund, which has also invested in PropertyMe and Japan’s Mamezo recently, EQT said in a statement Monday. It didn’t disclose financial terms.