Home Business & Finance EQT Agrees to Acquire Australian Smart Parking Tech Firm Orikan
Business & Finance

EQT Agrees to Acquire Australian Smart Parking Tech Firm Orikan

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.
EQT (ORG) Australian (ORG) Smart Parking Tech (ORG) Orikan EQT (ORG) Orikan EQT AB (ORG) Australia (LOCATION) Orikan (PERSON) the smart parking technology company (ORG) EQT Private Capital Asia’s (ORG) Asia (LOCATION) MMG Fund (ORG) PropertyMe (LOCATION) Japan (LOCATION) Mamezo (PERSON)
Originally published by Bloomberg Technology Read original →