EQT has agreed to acquire Orikan, a provider of integrated parking, enforcement, and compliance technology solutions, as the private equity firm continues to expand its investments in high-growth technology businesses across the Asia-Pacific region.
Headquartered in Melbourne, Orikan delivers software, hardware, payment, and data solutions that support parking operations, enforcement, and infringement management. The company employs nearly 400 people and serves hundreds of public and private sector organizations, including airports, hospitals, universities, stadiums, and government agencies across Australia, New Zealand, and North America.
EQT plans to partner with Orikan’s management team to accelerate the company’s next phase of growth through continued investment in product innovation, customer operations, service delivery, and AI-powered data capabilities. The firm also aims to support expansion into new customer segments and international markets by leveraging its global technology expertise and industrial advisor network.
The acquisition aligns with EQT’s Asia mid-market investment strategy, which focuses on scaling technology-enabled businesses with strong market positions and long-term growth potential. The strategy is backed by EQT’s $1.6 billion Asia Mid-Market Growth Partnership fund, which has invested in several high-growth companies across the region since its launch.
Orikan’s management team will remain in place following the acquisition, with both companies emphasizing a shared commitment to innovation, customer service, and international expansion.
The transaction is subject to customary regulatory approvals and closing conditions.
Source: EQT
