What started as a family business in electronic engineering more than 30 years ago has turned into one of the world’s leading manufacturers of smart parking solutions.
FOUNDED IN SWITZERLAND (GENEVA)
Based in Geneva, Switzerland, the company develops, designs and sells state-of-the-art parking solutions ranging from parking meters, vehicle detection sensors, payment apps to management software and digital parking services.
These products are assembled, tested and quality-checked in IEM’s headquarters in Geneva. The vertical integration allows IEM to achieve the highest standards in quality, long-term reliability, and sustainability.
IEM’s fully integrated portfolio of on-street and off-street parking solutions help parking operators as well as municipalities to address the most demanding mobility challenges of today’s Smart Cities to improve the urban mobility experience.
All activities are 100% self-financed allowing the company to take a long-term approach on business strategy and execution.
IEM’s family-driven corporate culture is unique and plays an important role in truly distinguishing itself by promoting strong values of success, humbleness and trust.
Within the company, IEM management always stays very close and attentive to its employees. The proximity of the team is particularly evident in the palpable success of each of its projects.
Market entry with first generation Presto place.
Development of the first payment solutions by credit card.
Takeover of the company by the two sons of the founder, Philippe and François Menoud.
IEM offers mobile payment app and adds touch screen capabilities.
IEM offers mobile payment app and adds touch screen capabilities.
IEM develops world’s first dual vehicle detection sensor