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IPS Group, Inc. Announces Acquisition of American Parking Systems, LLC

May 16, 2013

SAN DIEGO, CA--(Marketwired - May 16, 2013) - IPS Group, Inc. announces its acquisition of American Parking Systems, LLC for an undisclosed price. IPS Group is the leader in wireless, credit card enabled single space parking meter technology, vehicle detection systems and integrated data management systems in the on-street parking industry.American Parking Systems, located in Philadelphia, PA, has designed a line of parking pay-stations built from the ground up specifically for the American market and will be launching additional variations this summer.This acquisition will expand the IPS product portfolio to encompass single-space, multi-space, vehicle detection sensors and mobile payments capability into a common data management system, which also extends the IPS solution to address both on-street and off-street parking markets.

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