CKS Finance advised the management and shareholders of UTS Technologies on a Denport Capital funded buy-side transaction of €6.15m in August 2022.

UTS Technologies was established in 1992 in Dublin by the Spring family. It has grown to become the leading supplier of all on-street parking solutions to the Irish market and works directly with nearly all local authorities. UTS Technologies invests heavily in the next generation of Smart Pay and Display metering to include EV charging payment and control, air and noise monitoring, parking fine payment and de-clamping control, as well as number plate recognition which allows for tariffs by engine size or, indeed, ticketless parking.

Valley Way Solutions was acquired by UTS Technologies with backing from DunPort Capital Management through its €50m Recovery and Growth Fund. This deal comes as  UTS Technologies enters exclusive long-term agreement with global smart mobility technology provider, Flowbird, for the island of Ireland. Flowbird is a French manufacturer and supplier of parking management and public transport ticket solutions. It operates in more than 4,350 cities in 80 countries, working with local governments to make mobility in urban areas simple, sustainable, and manageable. 

Through this acquisition, UTS Technologies now has access to the resources and expertise to transform the smart mobility market in Ireland, together with its new technology partner, Flowbird.