Tag Archives: Tiba

Member News: TIBA Parking Systems to Acquire Texas-based PARCS Value-Added Reseller, Associated Time Instruments 

TIBA Parking Systems to Acquire Texas-based PARCS Value-Added Reseller, Associated Time Instruments 

Leading Parking and Mobility Technology Company Strengthens Presence in the Southern U.S. with acquisition of Longtime TIBA Reseller Partner

COLUMBUS, OH – February 22, 2021 – TIBA Parking Systems, the North American Leader in parking and mobility technology, and part of the FAAC Group family of companies, announced today that it has agreed to acquire the Parking Access and Revenue Control System (PARCS) portion of the Dallas, Texas-based, Associated Time Instruments (ATI). ATI has been serving its customers for over 60 years and has been a top TIBA Valued Added Reseller for TIBA equipment and technology for the last 4 years. ATI operates in the Southern U.S. markets including Texas, Louisiana, Oklahoma, Arkansas and New Mexico.

This acquisition reinforces the TIBA Parking commitment to providing a strong local presence across all markets. It also further strengthens TIBA’s leadership in the region, as the Texas market is one of the top regions in the U.S. for parking technology. ATI has deep roots in the region and this acquisition will provide the company even more resources to further establish leadership in the market and provide an even higher degree of service to the customers.

“We couldn’t be more excited for Associated Time Instruments to join the TIBA and the FAAC Group family of companies,” said Moshe David, CEO of TIBA. “Not only are we acquiring one of the top performing organizations in the PARCS industry, but an extremely talented team of individuals as well. Accelerated growth in southern U.S. and especially in the Texas market is core to TIBA’s overall strategy, and this acquisition will allow us to partner even more closely with ATI to truly dominate the region.”

With extensive global experience as part of the FAAC family of companies, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, valet, and mobile payments. ATI adds a local expert presence to the region’s customers to sell, install, and support TIBA solutions.

“We’re thrilled to more formally join forces with TIBA, a company that is known industry-wide as a leader in innovation, flexibility and an engaged parking experience,” said Christopher Archer, President of Associated Time Instruments. “We have been a proud partner of TIBA for years, and now as a part of the TIBA family, we look forward to continuing to drive best-in-class technology, equipment and service to our customers with even greater power and resources behind us.”

About TIBA Parking Systems 

TIBA Parking Systems is part of the FAAC Group, Italian multinational leader in the sector of automation and vehicle and pedestrian access control which includes HUB Parking and Magnetic. With the most advanced and flexible systems, TIBA products are scalable, reliable and user-friendly. TIBA is wholly committed to an “Engaged Parking Experience” through a focus on superior products, providing the industry’s most configurable solutions, and delivering a first-rate customer success partnership. TIBA’s flexible cloud architecture enables parking operators to leverage technology and market trends, and unlock new revenue opportunity. TIBA serves parking operators and owners both directly and through an extensive network of Value-Added Resellers. Visit www.tibaparking.com to learn more.

About Associated Time Instruments

Associated Time Instruments is a leading supplier of Parking and Revenue Control Equipment, Access Control, and Parking Guidance Systems. ATI is the market leader in Texas  distinguishes themselves by providing superior products, expert consulting and engineering, quality installations, comprehensive support, and professional services. ATI provides both standard software products and custom software solutions and has been  consistently providing modern and effective solutions to customers for the past 60 years!


Jordan Weiss




Member News: FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

An acquisition of 135 million dollars for 60 million dollars in turnover and 130 employees, the largest in the history of the Italian multinational from a financial point of view. With this transaction, FAAC strengthens its position in the parking management systems segment, achieving leadership in the largest market in the world, North America, and placing itself among the top players at a global level.

FAAC, an Italian multinational leader in the sector of automation and vehicle and pedestrian access control, announces the signing of a binding agreement through which it will acquire from the Israeli private equity fund TENE Capital, the Afcon group and a series of minority shareholders, all the shares of the TIBA group, a leading international company in the sector of supplying turnkey systems for managing parking sites with revenue collection.

In particular, the TIBA group designs, manufactures, distributes and supports flexible, reliable and cutting-edge solutions for every need for the management of off-street revenue parking. It has its headquarters in Tel Aviv, Israel, where its important research and development center is also based, but produces most of its revenues in the North American market, where it has managed to achieve a leadership position in a few years of activity with over 20% market share. It is expected to close 2020 with over 60 million dollars in turnover, reporting an average annual growth of 30% in the last 5 years. The sales strategy of the TIBA group, based mainly on an indirect model that leverages the collaboration with a proven network of Value Added Resellers, is a perfect complement to the predominantly direct sales model of FAAC in North America, operated through its business unit HUB Parking Technology.

“The acquisition of TIBA – comments FAAC CEO Andrea Marcellan – has a significant value for us, as it allows to intensify investments in a business segment which is in our view strategic as it will enable us to strengthen our position in the largest and most profitable market in the world. This will allow us to rebalance in our portfolio the centrality of the historical business of access automation and mature European markets. Important synergies have already been identified in the short and medium term which are very significant from a commercial, operational and product point of view. “

“Another large transaction for the group – declared the Chairman Andrea Moschetti – in a very difficult year for the entire business community, however strongly desired as absolutely synergistic with our strategic vision and with the mission we have been assigned, that is to continue to grow with a primary role at a global level in providing cutting-edge solutions for a sustainable mobility, respecting people, the environment and the most rigorous ethical standards.”

The transaction, which will involve a disbursement of 135 million dollars, in addition to the net cash acquired, was financed in part by own means and in part by leverage.

“There could not have been a better time to start using leverage, – points out the CFO Ezechiele Galloni – today’s conditions in the debt market are unprecedented and extraordinarily favorable, and the exchange rate we managed to set for the conversion of the funds in dollars is much more advantageous than initially estimated. Overall, the group continues to stand financially very solid, indeed with the mentioned leverage transaction we improve the capital structure, thus far very unbalanced on the equity side, and the potential for further recourse to debt remains largely untapped. ”

With this acquisition, FAAC adds a further step to its important track record of growth recorded over the years both through organic development and M&A activity (21 acquisitions in the last 10 years – last one, the biggest one as far as acquired sales, not more than 6 months ago), reaching today estimated consolidated revenues of over 620 million Euro and a staff of over 3,400 employees. Founded in 1965 by Giuseppe Manini in Bologna, FAAC is today an international group led by a well-tested and highly motivated management team, operating in 5 continents in 27 countries with over 50 companies and 8 main production sites.

The transaction is subject to the usual closing conditions and the closing of the transaction is expected by mid-January 2021.

About FAAC

FAAC is an Italian multinational at the forefront in providing solutions for the automation and control of pedestrian and vehicular access for residential and industrial applications.

The Group’s business is organized into 3 main divisions: Access Automation, Parking Management and Access Control. Customer orientation, quality, innovation, operating efficiency are the inspiring principles of FAAC’s way of doing business and every day FAAC aims to provide customers and users with cutting-edge solutions to make their life easier and safer. The headquarters is in Zola Predosa, Bologna, but has industrial and sales offices in 5 continents and 27 countries.

About the sellers

TENE Capital is a leading Israeli private equity fund that manages a portfolio of approximately one billion dollars invested in companies with high growth potential and a strong technological and export vocation.

Afcon is active in infrastructure and construction, technology development and implementation, automation control, communications, trade, as well as designing and building systems-intensive construction projects. Afcon is part of Shlomo, a leading Group in Israel which invests in industrial and commercial markets, including vehicles, transportation, shipyards, ports, logistics, real estate, hotels and insurance.

For more information on the transaction, please contact the FAAC Press Office:

Marco Falangi
Ex-Press Comunicazione

Member News: Access Professional Systems Expands into Arizona

Access Professional Systems Expands into Arizona

Leading Parking Technology Company Becomes Arizona’s Sole Supplier of Cutting-Edge TIBA PARCS Equipment

Phoenix (October 13, 2020)— Access Professional Systems (APS) announced today that it has expanded into Arizona, becoming the state’s sole provider of TIBA Parking Solutions parking access and revenue equipment. In addition to selling and installing TIBA’s industry-leading parking equipment, APS will also maintain and service all TIBA equipment installed in Arizona, including previously purchased equipment.

“APS is recognized throughout southern California for extraordinary customer service and for taking a customer-for-life approach to our business,” said Chris Scheppmann, president of Access Professional Systems. “We are excited to be partnering with TIBA Parking Solutions to bring this level of service to Arizona, which is one of the fastest growing markets in the nation, with a booming demand for smart parking solutions. TIBA and APS are 100% committed to providing world class project delivery, service, and support for parking owners throughout Arizona, just as we have done in southern California for over 40 years.”

Access Professional Systems is an experienced TIBA Certified Value-Added Reseller and the leading TIBA sales and support partner in Southern California. APS is particularly well-known as a premier provider of maintenance and servicing of parking equipment. In addition to parking technology, APS will be bringing its other services to the market providing installation and support of gate automation systems, commercial doors, and building access control systems. As part of APS’ expansion into the state, the company will be opening a new Arizona office in the coming weeks.

“TIBA’s partnership with APS is great news for our customers in Arizona, as well as parking owners who install TIBA equipment in the future,” said Kirk Hillquist, Vice President-Sales for Tiba Parking Solutions. “APS and it’s people are extraordinarily skilled at keeping TIBA equipment running smoothly and seamlessly, and we are excited that they will be bringing their skill and experience to our customers in Arizona.”

About Access Professional Systems

Access Professional Systems (APS) is a leading provider of parking technology. Founded in 1977, APS has been providing comprehensive parking and gate automation, access control, video surveillance, and parking guidance solutions for over 40 years. APS can be found online at https://www.accessprofessionals.com

Member News: Darin Witt Joins Nortech Parking Systems

Darin Witt Joins Nortech Parking Systems

Nortech Parking Systems welcomes Darin Witt as the Director of Sales to focus on the growth opportunities across Western Canada.

Darin Witt joins the Nortech team with over 10 years of diverse experience in the parking industry including sales and operations. He most recently held the title of Sales Manager at WPS Canada. During this time, Darin was responsible for overseeing the sales performance for Western Canada and Western Ontario. Darin will be tasked with the delivery of innovative TIBA Parking Systems equipment and Nortech Parking Systems services to acquire and retain customers.

“I’m very excited to be joining Nortech Parking Systems with the TIBA product line as it expands into the Canadian market,” said Witt. “I believe that the key attributes of TIBA – Agility, Simplicity, and Efficiency– position us to provide a true point of difference in our market and showcase TIBA with a great opportunity for success, just as it has done in other parts of the world.”



Sarah Kahler | TIBA Marketing Manager Sarah.Kahler@tibaparking.com