Apcoa Parking Sweden, part of Stuttgart-based Apcoa Parking, has acquired a local peer, Xpert Parkering.
Financial details were not disclosed.
Xpert manages around 40,000 parking spaces with a geographical focus on the Skåne region in southern Sweden.
'This acquisition combines the strengths of two well-matched companies and brings together two strong management teams with complementary skills and capabilities,' said Philippe Op de Beeck, CEO of Apcoa Parking.
Last year, Apcoa Parking - Europe's largest parking service provider - acquired specialist operators NCPS in Ireland and Onepark in Denmark. With the acquisition of Xpert, Apcoa said it was creating a platform for further growth in Sweden.
'Apcoa and Xpert see the merger of these two companies as an opportunity to enhance and further expand our customer service strength in Sweden,' said Bo Liliequist, CEO of Apcoa Parking Sweden.
'With Zoran Ackovski and Klime Taskoski, we welcome the two former owners of Xpert joining our team. They both have a well-established track record in the parking industry and we look forward to working with them in the future,' Liliequist added.
Apcoa Parking operates in 13 countries and across 9,500 locations, with a total of 1,500,000 parking spaces.
