EasyPark Group, the European leader in parking and mobility technology, announced today the intent to acquire North American-based ParkMobile. This pending acquisition would immediately expand EasyPark Group’s global footprint into the North American market, where ParkMobile is the #1 parking app with over 22 million users and a presence in 450 cities, including eight of the top ten.
The planned acquisition accelerates the global expansion of next-gen digital parking and mobility solutions, including on- and off-street contactless parking payments, parking availability, electric vehicle charging, and in-car integrations.
EasyPark Group is backed by private equity firms Verdane Capital and Vitruvian Partners and currently operates in 2,200 cities across 20 countries throughout Europe and Australia. This acquisition brings together the leaders in Europe and North America to share technology and accelerate global expansion.
“Over the past 12 years, ParkMobile has emerged as the technology leader in North America for contactless parking and mobility payments,” says Jon Ziglar, CEO of ParkMobile. “Joining forces with EasyPark Group will enable us to continue this momentum into the future and opens up an array of new global growth opportunities.”
“We are pleased to welcome the ParkMobile team to EasyPark Group,” says Johan Birgersson, CEO of EasyPark Group. “This acquisition is strategically important to accelerate our long-term growth and innovation capabilities across the globe.”
ParkMobile has been part of BMW and Daimler’s mobility joint venture PARK NOW Group since March 2019. The PARK NOW Group European brands are also part of this acquisition. That includes PARK NOW, RingGo, Parkmobile Europe, and Park-line. The intended acquisition of PARK NOW Group from the shareholders of BMW Group and Daimler Mobility is subject to prior approval by relevant authorities. The parties have agreed not to disclose the terms of the transaction.
ParkMobile, LLC is the leading provider of smart parking and mobility solutions in North America, using a contactless approach to help millions of people easily find, reserve, and pay for parking on their mobile devices. The company’s technology is used in thousands of locations across the country, including 8 of the top 10 cities as well as college campuses, airports, and stadiums. People can use ParkMobile solutions to quickly pay for on-street and off-street parking without having to use a meter or kiosk. ParkMobile has been named to the Inc. 5000, Deloitte Fast 500, Smart Cities Connect “Smart 50,” and the Atlanta Journal Constitution’s Top Workplaces. Additionally, the company won the 2020 Stevie Awards for Achievement in Product Innovation and the 2019 Stevie Awards for Most Innovative Tech Company and Best Travel App. For more information, visit ParkMobile.io or @ParkMobile on Twitter.
About EasyPark Group
EasyPark is a fast-growing, leading European tech company that helps drivers find and manage parking and EV charging. Our technology helps businesses, operators, and cities with parking administration, planning, and management in over 2200 cities across 20 countries. What we do is make urban life easier – one parking spot at a time. Visit www.easyparkgroup.com to learn more!
About PARK NOW
PARK NOW has one goal: to revolutionize the parking industry by making it enjoyable, easy, and hassle-free. Since its founding in 2000 the PARK NOW Group has been the leading provider in the world for on-demand mobile payments for on- and off-street parking. We make parking smarter, simpler, and effortless for drivers and operators so that everyone can enjoy a delightful mobility experience whilst making our cities cleaner, healthier, and more livable. Parking is not the end of a journey but the start of one. Our integrated parking solutions, also available in-car, are used in more than 1.000 cities around the world and by more than 30 million users. Since February 2019 PARK NOW is part of the NOW Group (https://www.your-now.com/), a joint venture between BMW Group and Daimler, which is aiming to become the number 1 in innovative mobility solutions across the world.