LOS ANGELES, CA – May 16, 2024 – Metropolis Technologies, Inc. (“Metropolis”), an artificial intelligence company whose computer vision platform enables checkout-free payment experiences, announced today that it has closed its acquisition of SP Plus Corporation (“SP+”), the largest parking network and provider of mobility services for aviation, commercial, hospitality and institutional clients in North America.
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As a result of today’s closing, Metropolis owns 100% of SP+ and its nearly 20,000-person team is a part of Metropolis. With the completion of the transaction, SP+ shares will no longer trade on the Nasdaq Global Select Market.
