Traffic Support Ltd acquired by Mouchel Parkman

November 16 2006

Traffic Support Ltd (TSL) has been acquired by professional support services provider Mouchel Parkman. The bolt-on acquisition enables Mouchel Parkman to extend its local authority support services offer in the decriminalised parking market, where it will now be able to provide services ranging from design to operations.

TSL provides the innovative software and system solutions that have now become well established in parking management throughout the UK and Ireland.

This is a rapidly emerging market and the software produced by TSL has already proved itself flexible and robust enough to migrate into a number of other related markets such as congestion charging and civil enforcement.

Keith Jackson, managing director of Mouchel Parkman's highways and transportation business, says: "Traffic Support Limited is market-leader in a specialist area which we believe is now primed for rapid growth. The management of congestion in our towns and cities and on our national road networks will inevitably rely more and more on technological solutions and Mouchel Parkman can now position itself as one of a small number of companies able to offer a wholly integrated product and service solution in the UK."

Peter Spanos, chief executive of TSL, said: "This is, without doubt, excellent news for our business and our people. Mouchel Parkman's size and market leading position in highways will enable us to take our business to the next level in what is a very exciting and rapidly developing area."

www.mouchelparkman.com