Marston acquires payment management & European debt recovery specialist, Parktrade

16 April, 2019

Marston Holdings is pleased to announce its acquisition of Stockholm-based Parktrade, which is a technology and data business that has two compelling offerings:

• a technology platform that facilitates easy management and payment of Low Emission Zone charges, congestion charges and free flow road tolls. This platform facilitates multi-currency payments, auto payments and electronic invoices.
• access to European vehicle registration databases, ensuring that owners of foreign registered vehicles can be identified and contacted to recover unpaid charges and contraventions.

Marston Holdings’ Chief Executive, commented that:

“Parktrade enhances our capability in two important ways, and also brings on board a high quality management team with experience of working across European jurisdictions.

I’m delighted to welcome them on board.”

Parktrade is Marston’s third acquisition of 2019, following that of air quality and moving traffic monitoring specialist, Videalert, and Indian artificial intelligence software developer Logic Valley.

Parktrade Managing Director, commented that:

“We are delighted to join Marston, and excited to become part of their ten-year vision to transform the services proposition, both in the UK and across Europe.

We look forward to working with the team, and to assessing potential for integration of our technological and data capability with that of the wider Group.”