EQT Agrees to Buy Orikan for Asia MMG Fund, Expanding Smart Parking Push
Updated
Updated · Bloomberg · Jul 6
EQT Agrees to Buy Orikan for Asia MMG Fund, Expanding Smart Parking Push
3 articles · Updated · Bloomberg · Jul 6
Summary
EQT AB agreed to acquire Australian smart parking technology firm Orikan, adding another deal to its Asia-focused private capital strategy; financial terms were not disclosed.
Orikan said the investment will support innovation, strengthen its business and help it expand into adjacent markets, outlining EQT’s rationale for the acquisition.
EQT is making the purchase through EQT Private Capital Asia’s MMG Fund, which has also recently invested in Australia’s PropertyMe and Japan’s Mamezo.
The deal extends EQT’s push into software and technology assets across Asia-Pacific, with Orikan giving it exposure to parking and mobility-related systems.