DESIGNA Verkehrsleittechnik GmbH has acquired NextGen Parking, LLC, of Houston, Texas. NextGen is a provider of integrated parking management systems in the Central and Southeastern U.S. and a long-standing Designa partner. NextGen’s current management remains in place and will continue to operate as a wholly owned subsidiary of the German parent company while plans for integration with DESIGNA USA are finalized.
DESIGNA is a global leader in parking management systems as part of DESIGNA/AXESS Group, a unit of Management Trust Holding AG (MTH) in Vienna, Austria.
Dr. Martin Waldhäusl, CEO of MTH, said: “I am very pleased to have NextGen’s entire team on board. We look forward to their technical expertise and leadership in the US market. The full integration of NextGen is an important step for DESIGNA as a group and will strengthen our leadership in global parking technology”.
DESIGNA, and its sister company, Salzburg-based AXESS, offer innovative system solutions for businesses worldwide with visitor and commercial parking management requirements.
The US market is DESIGNA’s largest, most lucrative, and challenging, having tremendous potential for growth. DESIGNA USA and NextGen will merge to form a new US-based entity which will pursue broader opportunities and expand market presence. NextGen’s current CEO John Curtiss assumes leadership for all DESIGNA activities in the U.S. and will oversee the integration of business operations.
Global DESIGNA CEO Oliver Suter explains:
“The integration of NextGen aligns perfectly with our growth strategy for digitization in the parking industry. John Curtiss and his team will provide leadership and the foundation for our future growth and success in the US market.”
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