PARK NOW Acquires Parkling

PARK NOW Acquires Parkling

PARK NOW has acquired Berlin-based data company Parkling. Adding Parkling´s best-in-class parking prediction to PARK NOW services will further strengthen PARK NOW’s capability to improve and shape urban mobility.

With the acquisition of the Berlin-based data company Parkling GmbH, the market leader PARK NOW is strengthening its international portfolio of digital parking solutions. With its highly accurate predictions of free on-street parking spots, Parkling offers a best-in-class solution.

PARK NOW, leading international parking solutions provider, is constantly growing its services and locations with more than 1,200 cities in Europe and North America. With the integration of Parkling's  parking prediction, the PARK NOW services will become even more attractive for users. It will have an immediate impact on improving the traffic situation in cities, as it helps to reduce the 30% of inner-city traffic caused by the search for parking spots. Already today, digital parking solutions make a direct contribution to a better traffic management, traffic flow control and a better use of urban space.

PARK NOW CEO Jörg Reimann says: “We are very happy to have Parkling join PARK NOW. Parkling´s prediction solution for on-street parking spots will be a great enhancement of our product portfolio. Through the acquisition, we not only strengthen our offering towards consumers, cities and automotive manufacturers, but also pursue our goal to make cities more liveable.”

Detlev Hülsebusch, founder and CEO of Parkling, says: “Joining forces with PARK NOW is a great opportunity for Parkling. PARK NOW gives us the backing we need to rollout our data coverage across European cities and North America. I want to thank Centerbridge and the APCOA Group for their excellent support as investors and founding partners of Parkling.”

Philippe Op de Beeck, CEO of APCOA PARKING Group, comments: “Supporting Parkling in setting up their business and shaping their business model for Europe has been highly strategic for APCOA. We believe that PARK NOW will be a very strong partner for Parkling as the business rolls out internationally. We are excited to see them to continue to prosper.

About PARK NOW PARKNOW

PARK NOW is part of YOUR NOW, the mobility joint venture of the BMW Group and Daimler AG. With digital parking solutions under the brands PARK NOW, Parkmobile, RingGo and Park-line, it currently serves over 33 million users in more than 1,200 cities in Europe and North America. Making it the biggest provider of digital parking solutions in those regions.

About the APCOA PARKING Group APCOA

The APCOA PARKING Group is Europe's leading car park operator with more than 45 years of industry experience. With around 5,000 employees, the company manages approximately 1.6 million parking spaces at around 10,000 sites in 13 European countries. This includes parking spaces in around 1,800 city and shopping centres, 400 hotels, 150 hospitals and at 58 European airports. With its systematic asset light business model, APCOA is a reliable partner that maximises property value for private and public property owners.

The company links street parking spaces and car parks with corporate customers, partners, drivers and their vehicles via the open digital platform APCOA FLOW. In doing so, APCOA is turning multi-storey car parks into mobility hubs with innovative services to create a convenient mobility experience. It is also good for the environment: By offering digital services and using an intelligent traffic management system, the company is actively helping to reduce the number of cars searching for spaces and emissions in cities. APCOA is becoming an integral part of the smart city by combining mobility and parking.

About Parkling

Parkling is a data company that provides highly accurate predictions of free on-street parking spots. The company attaches scanners on fleets and taxi cabs to analyze the parking situation in real-time. In addition, Parkling generates high quality static parking maps including parking rules & restrictions and location of parking bays.

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