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Closing of the acquisition of WPS

By 25. May 2023October 20th, 2023No Comments

#DealNews 👏 We are pleased to announce the successful acquisition of WPS, a cutting-edge provider of cloud-based parking management solutions based in Eindhoven, Netherlands.

👉 WPS will strengthen CERTINA GROUP IT segment and we are excited about the promising prospects of WPS and look forward to contributing to its continued growth and success.

The sale of WPS Parking Solutions to Certina will result in the separation of the current WPS organization. WPS North, including WPS Belgium, WPS Parking Systems (NL), WPS Canada, WPS UK, WPS US, and WPS Holding, will now be part of Certina’s portfolio of companies. WPS North will continue to operate as an individual company under Certina.

WPS Brazil, as an independent company within the WPS family, will not be sold. The current shareholders, local management and Egeria, will continue WPS operations in Brazil and South America in its current form.

WPS and Certina are committed to ensuring continuity and growth in the parking management solutions industry. The acquisition is an exciting opportunity for WPS to enter the next phase of its development with a new owner who has extensive experience in building and reshaping companies.

Erik Stronk, CEO at WPS Parking Solutions: ‘’We look forward to a bright future that we will realize together with Certina. With their investments made according to the principles of sustainability, continuity and corporate responsibility, we find the ideal partner in Certina to help us navigate changing market conditions and further invest in our products, employees, and growth. I am confident that this acquisition will accelerate innovation and success for our business and customers.”

Giovanni Santamaria, Managing Partner at Certina: “We are excited to welcome WPS Parking Solutions to the Certina family of companies. With our extensive experience in building and reshaping businesses, we look forward to investing in WPS, its solutions, customers and employees. As a family-owned industrial holding company with a focus on sustainability and corporate responsibility, we look forward to collaborating with WPS management and employees, and we have confidence that the acquisition will expedite the success of both WPS and Certina.

Welcome to the CERTINA GROUP family dear WPS employees!