H.I.G. Capital has acquired Madrid-based EYSA Group, a provider of smart mobility solutions. No financial terms were disclosed.
MADRID–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, announced that an affiliate has successfully completed the acquisition of EYSA Group (“EYSA” or the “Company”), a market leading provider of smart mobility solutions. The transaction is led by the H.I.G. Infrastructure Partners fund. Terms were not disclosed.
EYSA is headquartered in Madrid, Spain, with an international presence in the USA, Mexico, Colombia, Ecuador and Brazil. Leveraging on “ParkXplorer”, its proprietary IT platform, the Company has become a one-stop-shop for more than 100 cities across Spain, Latin America and the USA. EYSA has long term relationships with municipalities and private clients who seek comprehensive, automated solutions integrating all their mobility needs.
Over the past several years, EYSA has evolved from a purely regulated parking operator, to an integrated tech-enabled smart mobility services platform. H.I.G. will continue to support EYSA in this evolution, providing the necessary resources to develop new mobility solutions for its existing clients and expanding EYSA’s international footprint.
Andrew Liau, Co-head of H.I.G. Infrastructure, said: “We are delighted to complete this acquisition whilst supporting EYSA’s best-in-class management team. EYSA’s business model has shown tremendous resilience with stable and predictable performance throughout the pandemic. As a result, the Company is well positioned for growth by helping cities undergo the critical transition toward automated, sustainable, and environmentally friendly operations. We intend to support EYSA’s management with both their local and international ambitions.”
Jaime Bergel, Managing Director of H.I.G. Capital Europe, added: “EYSA will continue to work together with its local clients, providing municipalities with a one-stop-shop solution to address their increasingly complex mobility requirements. Our intention is to support the Company as it continues to evolve and roll out its proprietary ParkXplorer and CityXplorer platform to provide best-in-class solutions.”
Javier Delgado, CEO of EYSA, commented: “The EYSA team is excited about the partnership with H.I.G. which provides the Company with commitment to the Spanish market as well as expertise to help expand internationally. EYSA is a success story in Spain and through partnership with H.I.G., we are confident to be able to achieve further growth locally and abroad.”
EYSA was founded in 1976 in Madrid (Spain). With a philosophy based on technological excellence, customer service, innovation and respect for the environment, EYSA has become a reference for Spanish and international municipalities. EYSA provides an integrated solution to address mission-critical mobility requirements across smart traffic management, access control, on-street parking, off-street parking, tax management, and towing. For more information, please refer to EYSA’s website at https://eysaservicios.com/.