UK. Manchester Airports Group (MAG) has completed a deal to acquire the online parking business SkyParkSecure for an undisclosed sum.
Blackpool-based SkyParkSecure, which offers online price comparison and booking services for parking, enables customers to book more than 300 parking options across 28 British airports. In 2017, the company generated revenues of £2.2 million.
MAG, the UK’s largest airport group, said the acquisition will allow it to further improve its technology capabilities. It added that it will also rationalise costs in distributing parking products “through greater scale in sales channels”.
SkyParkSecure’s systems will be integrated into MAG’s dedicated technology division MAG-O, which aims to enhance the end-to-end airport experience for passengers using MAG airports.
Dean Pailing, co-founder and Managing Director of SkyParkSecure, will join MAG following the acquisition, alongside the parking specialist’s current workforce.
Airport Services CEO Andrew Harrison said: “SkyParkSecure is another great acquisition for MAG’s Airport Services division. We have enjoyed a great relationship with Dean and the SkyParkSecure team having traded closely with them for a number of years.
“They will add unbeatable expertise, tech and vision to our existing talent. SkyParkSecure is a successful, growing business and we are delighted to begin working more closely with the team.”
Pailing said: “Having spent the last 12 years building the SkyParkSecure brand and a base of over 2 million loyal customers, we’re delighted that our business has been acquired by MAG and that we will now have the opportunity to take both businesses to the next level in the online airport parking sector.”
SkyParkSecure was one of the first companies of its kind to offer independent customer reviews of car-park products and claims to have been the first to send mobile parking confirmations.
In 2015, it launched the SkyParkSecure Business Portal, which allows large businesses to book, manage and save money on corporate airport parking bookings.
