EQT to acquire parking technology firm Orikan

July 7, 2026 - 04:02

EQT has announced its acquisition of Orikan, a company known for providing parking and compliance technology. The deal is aimed at accelerating growth, advancing artificial intelligence capabilities, and expanding into new international markets within the global mobility sector.

Orikan specializes in digital parking enforcement, permit management, and data analytics for both public and private parking operators. The company's technology is used to streamline parking operations and improve compliance tracking. EQT, a private equity firm with a focus on technology and infrastructure, sees Orikan as a key player in the shift toward smarter, more automated urban mobility solutions.

By combining EQT's resources and global network with Orikan's existing platform, the acquisition is expected to speed up product development, particularly in AI-driven analytics and real-time data processing. The goal is to help cities and parking operators better manage traffic flow, reduce congestion, and improve the user experience for drivers.

EQT also plans to use Orikan's technology as a foundation for entering new geographic markets, especially in regions where digital parking systems are still emerging. The deal reflects a broader trend of private equity investment in mobility tech, as investors look for scalable solutions in the growing smart city space.

No financial terms of the transaction were disclosed. The acquisition is subject to regulatory approvals and is expected to close in the coming months.