Parking systems supplier sold

Certina Group buys WPS Parking Solutions

Parking technology group WPS Parking Solutions has been acquired by Certina Group, a German industrial company.

Certina is a family-run industrial holding company, founded, built up and represented by businessman Dr Hans Wehrmann.

The Munich-based group has 25 years of experience in building and reshaping businesses. The group currently comprises around 20 companies generating sales of more than €750m with over 3,000 employees.

The sale of WPS Parking Solutions to Certina will result in the separation of the current WPS organisation.

WPS North, including WPS Belgium, WPS Parking Systems (NL), WPS Canada, WPS UK, WPS US, and WPS Holding, will now be part of Certina 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.

Erik Stronk, chief executive at WPS Parking Solutions, said: “We look forward to a bright future that we will realise together with Certina. With its investments made according to