Add-on Acquisition • Information Technology

FAAC Acquires TIBA Parking Systems

On December 22, 2020, FAAC acquired information technology company TIBA Parking Systems from Tene Investment Funds for 135M USD

Acquisition Context
  • This is FAAC’s 1st transaction in the Information Technology sector.
  • This is FAAC’s largest (disclosed) transaction.
  • This is FAAC’s 1st transaction in the United States.
  • This is FAAC’s 1st transaction in Ohio.

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M&A Deal Summary

Date December 22, 2020
Target TIBA Parking Systems
Sector Information Technology
Buyer(s) FAAC
Sellers(s) Tene Investment Funds
Deal Type Add-on Acquisition
Deal Value 135M USD

Target Company

TIBA Parking Systems

Columbus, Ohio, United States
TIBA Parking Systems is a manufacturer and provider of automated parking systems and revenue access and control solutions for parking owners and operators, mainly in Israel and the North America. TIBA Parking Systems was formed in 1986 and is based in Columbus, Ohio.
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Buyer Overview 1

Buyer

FAAC

Zola Predosa, Italy

Category Company
Founded 1945
Sector Electrical Equipment
Employees1,000
DESCRIPTION

FAAC SpA activity is developed around four business lines: Gates automation and automatic barriers; Parking Revenues Control Systems; Automatic Doors and Complete Entrances ; Tubular Motors applications.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 2 of 2
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-27 Magnetic Autocontrol Group

Schopfheim, Germany

Magnetic Autocontrol Group is a world known player in the domain of vehicle and pedestrian access control, providing top quality products solutions such as vehicle barriers, pedestrian gates, customes-tailored product solutions as well as technology to system integrators in the field of fare collection, immigration, boarding and security.

Buy -

Seller Profile 1

SELLER

Tene Investment Funds

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tene Investment Funds is an Israeli private equity firm focused on acquiring growth-oriented companies. The Firm targets well-established, export-oriented, tech-enabled businesses operating in growth sectors that include resource management, water treatment, clean technologies, metal, plastic products and components, consumer products, and homeland security. Tene Investment Funds was formed in 2004 and is based in Tel Aviv.


Deal Context for Seller #
Overall 7 of 9
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 4 of 5
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Huliot

Rosh Ha'Ein, Israel

Huliot specializes in production and marketing of advanced flow systems for supplying water to private and public properties, drains For building (wastewater, decks, etc.) and infrastructures (sewer, etc.) Rod products are sold in Israel and around the world. Huliot was founded in 1947 and is based in Rosh Ha'Ein, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Ahern

San Diego, California, United States

Ahern develops and markets vegetable seeds and provides variety specific crop advice. Ahern was founded in 1981 and is based in San Diego, California.

Buy -