BREAKING: Towne Park has officially acquired Frogparking, a New Zealand-based leader in advanced parking systems, as of October 8, 2025. This significant transaction merges Frogparking’s cutting-edge technology with Towne Park’s vast operational scale, promising to enhance parking solutions for clients worldwide.
The acquisition is poised to bolster Towne Park’s comprehensive offerings, combining Frogparking’s innovative cloud-based platform with Towne Park’s expertise in service delivery. “The dedication of the Frogparking management team, along with their engineering excellence, makes this acquisition a strategic fit for our product suite,” stated Allan Wilson, Senior Vice President at Corum Group, the advisory firm that facilitated the deal.
Frogparking, founded in 2009 and headquartered in Palmerston North, New Zealand, has developed a vertically integrated platform that utilizes advanced sensor technology and real-time data analytics. Their solutions enable dynamic pricing and efficient parking management, trusted by numerous high-profile clients, including cities, airports, and shopping centers across North America and Australasia.
This acquisition comes as the parking industry increasingly embraces technology to enhance user experiences. With over 13,000 team members, Towne Park aims to leverage Frogparking’s innovations to elevate customer service and operational efficiency.
The combined company is set to expand its reach and capabilities, positioning itself for sustained growth in the rapidly evolving parking sector. Stakeholders are optimistic about the potential for new product offerings and improved service delivery as the integration process begins.
As this story develops, industry experts are keenly watching how Towne Park will implement Frogparking’s advanced technologies to benefit clients globally. This acquisition marks a significant moment in the parking solutions landscape, highlighting the increasing trend towards tech-enabled services.
For more updates on this developing story, stay tuned as we continue to follow the impact of this strategic acquisition.
