EQT Agrees to Acquire Parking Technology Firm Orikan

Private equity firm EQT has reached an agreement to acquire Orikan, a company specializing in parking technology solutions across Australia, New Zealand, and North America.

EQT plans to collaborate with Orikan's management team to support the company's future growth. This will involve further investment in product innovation, artificial intelligence, and data capabilities.

The acquisition also aims to enhance service delivery, customer experience, and international expansion for Orikan.

This move is part of EQT's strategy to build its presence in the mid-market segment in Asia, complementing its existing large-cap strategy by leveraging prior sector experience to identify new opportunities.