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)
2019
YEAR OF CREATION
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0
INSTALLED PARKING METERS
0
COUNTRIES IN THE WORLD
COMPLETE MASTERY
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.
innovation
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.
THE SPIRIT OF FAMILY
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.
KEY DATES
1986
- Creation of the engineering Office IEM “Electronic Engineering Menoud” by Édouard Menoud.
- Entry into the automated newspaper vending market with the first smart card coin reader.
1990
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1992 – 1998
Market entry with first generation Presto place.
Development of the first payment solutions by credit card.
- Expansion to European Markets with PrestoEuropa and introduction of a central management platform.
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2002 – 2005
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2007 – 2013
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
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2014 – 2016
2018
- International Expansion and first project won in Indonesia and New Zealand. Opening of IEM branches in Malaysia, Italy and Norway.