{"id":9571,"date":"2024-03-05T12:00:30","date_gmt":"2024-03-05T12:00:30","guid":{"rendered":"https:\/\/www.smartparking.com\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/"},"modified":"2025-04-29T09:28:40","modified_gmt":"2025-04-29T09:28:40","slug":"smart-parking-acquires-lps-local-parking-security-ltd","status":"publish","type":"latest","link":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/","title":{"rendered":"Smart Parking acquires LPS (Local Parking Security Ltd)"},"content":{"rendered":"<p><strong>Smart Parking has acquired the parking management contracts and assets from Local Parking Security Limited.<\/strong><\/p>\n<p><strong>Acquisition overview:<\/strong><\/p>\n<ul>\n<li>Compelling strategic fit; building scale in the UK parking management market<\/li>\n<li>The acquisition adds <strong>126<\/strong> new parking management sites<\/li>\n<li><strong>72<\/strong> of the sites are Automatic Number Plate Recognition (ANPR) Technology managed locations and <strong>54<\/strong> manually operated sites<\/li>\n<li>Transaction purchase price of $5.8m funded from existing cash reserves<\/li>\n<\/ul>\n<p>Smart Parking Limited (ASX:SPZ) is pleased to announce the acquisition of the parking management assets of Local Parking Security Limited (LPS). LPS, founded in 1999, manages over 120 sites with a mix of ANPR technology and manual operations.<\/p>\n<p>The 126 sites under LPS management will be added to the\u00a0Smart Parking\u00a0portfolio and integrated into the Smart Parking technology platform, SmartCloud, offering synergies in supply chain, processing, and account management.\u00a0 This acquisition offers great opportunities to deliver sustainable technology solutions to the LPS customers which will also drive client satisfaction for both the landowner and the motorist.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smart Parking, the leading provider of parking technology and services, has today announced the acquisition of LPS (Local Parking Security) and expands its market position in the UK.<\/p>\n","protected":false},"featured_media":6040,"template":"","latest-category":[75,118],"class_list":["post-9571","latest","type-latest","status-publish","has-post-thumbnail","hentry","latest-category-news-us","latest-category-press-release-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smart Parking acquires LPS (Local Parking Security Ltd)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart Parking acquires LPS (Local Parking Security Ltd)\" \/>\n<meta property=\"og:description\" content=\"Smart Parking, the leading provider of parking technology and services, has today announced the acquisition of LPS (Local Parking Security) and expands its market position in the UK.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/\" \/>\n<meta property=\"og:site_name\" content=\"Smart Parking\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-29T09:28:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/04\/lps-acquisition-1024x410.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"410\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Smart Parking acquires LPS (Local Parking Security Ltd)\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/\",\"url\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/\",\"name\":\"Smart Parking acquires LPS (Local Parking Security Ltd)\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.smartparking.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/lps-acquisition.png\",\"datePublished\":\"2024-03-05T12:00:30+00:00\",\"dateModified\":\"2025-04-29T09:28:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.smartparking.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/lps-acquisition.png\",\"contentUrl\":\"https:\\\/\\\/www.smartparking.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/lps-acquisition.png\",\"width\":4030,\"height\":1613},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/latest\\\/2024\\\/march\\\/smart-parking-acquires-lps-local-parking-security-ltd\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Smart Parking acquires LPS (Local Parking Security Ltd)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#website\",\"url\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/\",\"name\":\"Smart Parking\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#organization\",\"name\":\"Smart Parking\",\"url\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.smartparking.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/smart-parking-logo-icon.svg\",\"contentUrl\":\"https:\\\/\\\/www.smartparking.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/smart-parking-logo-icon.svg\",\"width\":1,\"height\":1,\"caption\":\"Smart Parking\"},\"image\":{\"@id\":\"https:\\\/\\\/www.smartparking.com\\\/us\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/smart-parking-limited\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Smart Parking acquires LPS (Local Parking Security Ltd)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/","og_locale":"en_US","og_type":"article","og_title":"Smart Parking acquires LPS (Local Parking Security Ltd)","og_description":"Smart Parking, the leading provider of parking technology and services, has today announced the acquisition of LPS (Local Parking Security) and expands its market position in the UK.","og_url":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/","og_site_name":"Smart Parking","article_modified_time":"2025-04-29T09:28:40+00:00","og_image":[{"width":1024,"height":410,"url":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/04\/lps-acquisition-1024x410.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_title":"Smart Parking acquires LPS (Local Parking Security Ltd)","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/","url":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/","name":"Smart Parking acquires LPS (Local Parking Security Ltd)","isPartOf":{"@id":"https:\/\/www.smartparking.com\/us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/#primaryimage"},"image":{"@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/#primaryimage"},"thumbnailUrl":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/04\/lps-acquisition.png","datePublished":"2024-03-05T12:00:30+00:00","dateModified":"2025-04-29T09:28:40+00:00","breadcrumb":{"@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/#primaryimage","url":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/04\/lps-acquisition.png","contentUrl":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/04\/lps-acquisition.png","width":4030,"height":1613},{"@type":"BreadcrumbList","@id":"https:\/\/www.smartparking.com\/us\/latest\/2024\/march\/smart-parking-acquires-lps-local-parking-security-ltd\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smartparking.com\/us\/"},{"@type":"ListItem","position":2,"name":"Smart Parking acquires LPS (Local Parking Security Ltd)"}]},{"@type":"WebSite","@id":"https:\/\/www.smartparking.com\/us\/#website","url":"https:\/\/www.smartparking.com\/us\/","name":"Smart Parking","description":"","publisher":{"@id":"https:\/\/www.smartparking.com\/us\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smartparking.com\/us\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smartparking.com\/us\/#organization","name":"Smart Parking","url":"https:\/\/www.smartparking.com\/us\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smartparking.com\/us\/#\/schema\/logo\/image\/","url":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/06\/smart-parking-logo-icon.svg","contentUrl":"https:\/\/www.smartparking.com\/wp-content\/uploads\/2025\/06\/smart-parking-logo-icon.svg","width":1,"height":1,"caption":"Smart Parking"},"image":{"@id":"https:\/\/www.smartparking.com\/us\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/smart-parking-limited\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/latest\/9571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/latest"}],"about":[{"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/types\/latest"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/media\/6040"}],"wp:attachment":[{"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/media?parent=9571"}],"wp:term":[{"taxonomy":"latest-category","embeddable":true,"href":"https:\/\/www.smartparking.com\/us\/wp-json\/wp\/v2\/latest-category?post=9571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}