APCOA Parking AG is Europe's longest-established full service parking management company. It manages over 1,400,000 parking spaces across 13 countries, and employs approximately 4,500 people. It is headquartered at Stuttgart Airport in Germany. In 1949, Howard Metzenbaum and Ted Bonda founded APCOA as the Airport Parking Company of America, Inc. in Cleveland, Ohio. In 1966, the company was acquired by the ITT Corporation and was made into a division of ITT. In 1970, APCOA Autoparking GmbH was founded in Stuttgart, under the German wing of ITT, called SEL. The company then expanded across Europe, entering Vienna, capital of Austria, in 1970; Sunbury on Thames, England, in 1981; Mantua, Italy in 1985; and Rotterdam, Netherlands, in 1989. By the mid-1980s, most of the European in-country subsidiaries had been divested from ITT, and slowly over the next ten years the management of APCOA Autoparking GmbH began to re-integrate the group under common ownership. The US operations of APCOA were purchased from ITT Corporation through a management buyout in 1975 and eventually merged with Standard Parking in 1998. More information...
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