EPS-Global Enters Portuguese Market
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Hungary's EPS-Global, which makes parking management software for municipal councils and companies, has entered the market in Portugal, according to a report by state news wire MTI.
Talks have already started with a local council-owned company on EPS-Global's smart parking system, board member Zoltán Gyarmati told MTI.
EPS-Global was established in 2012 and entered the Chinese market after 2016. In China, joint ventures in which it has stakes have concessions to set up and operate a combined 30,000 smart parking spots.
EPS-Global had a loss of HUF 554 million in 2021, public records show. Gyarmati attributed the losses to the Chinese projects which are "in the investment phase".
n investment fund of Magyar Eximbank plowed capital into EPS-Global in 2016 and 2017, acquiring a majority stake in the company.
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