HIG Capital鈥檚 infrastructure investment arm is buying smart mobility services company Eysa.
HIG Infrastructure Partners has invested an undisclosed amount to buy the Madrid-headquartered company.
Eysa has an international presence in the US, Mexico, Colombia, Ecuador and Brazil. Founded in 1976, the company provides an integrated solution to address mobility requirements across smart traffic management, access control, on-street parking, off-street parking, tax management, and towing.
Andrew Liau, co-head of HIG Infrastructure, said: 鈥淲e are highly impressed with Elsa鈥檚 best-in-class management team who share our vision regarding development opportunity in the mobility space. Mobility requirements are becoming increasingly complex as cities undergo the critical transition toward automated, sustainable, and environmentally friendly operations.
鈥淓ysa is a time-tested, trusted partner of choice with a proven capability to adapt its solutions toward ever-changing client needs.鈥�
Jaime Bergel, managing director of HIG Spain, said: 鈥淲orking together with its clients, Eysa has developed its renowned ParkXplorer and its next-generation CityXplorer platforms, which provide municipalities with a one-stop-shop solution to address their increasingly complex mobility requirements.
鈥淲e strongly believe that leveraging on HIG鈥檚 experience and international presence, EYSA will be able to continue to expand its portfolio of services and international footprint, both organically and inorganically.鈥�
Javier Delgado, CEO of Eysa, said: 鈥淭he investment by HIG is great news for Eysa and its stakeholders. I am very excited about the prospects of working alongside HIG to capitalise on the enormous potential we have both in Spain and abroad.鈥�
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