Authorities have announced their approval of EasyPark Group’s acquisition of the global provider of digital parking services, PARK NOW Group. Thereby, EasyPark Group today announced the closing of the transaction and PARK NOW Group is a part of EasyPark Group from June 1, 2021.
On March 9, EasyPark Group announced the intended acquisition of the global provider of digital parking services, PARK NOW Group. The acquisition has now been unconditionally approved by the relevant antitrust authorities, and all assets and liabilities have been transferred from the shareholders BMW Group and Daimler Mobility AG to EasyPark Group.
The acquisition enables EasyPark Group to grow further and become a global pacesetter within digital parking, electrical vehicle charging, and mobility services. The two companies are perfectly positioned with a complimentary market coverage in Northern America, Australia, New Zealand, the United Kingdom (covering England, Scotland, Northern Ireland, and Wales), and the rest of Europe. With a growing reach of currently 3,200 cities globally.
Following the closing of the acquisition, Jörg Reimann steps down from his role as CEO for PARK NOW Group, and Johan Birgersson, CEO of EasyPark Group, takes over as CEO of the expanded Group.
“This is a historic milestone in the industry, and we are very excited to embark on this journey. Most of all, I am proud to be leading such a strong organization with talented employees. With global coverage and scale, as well as an integrated portfolio, we will be able to make cities more liveable by driving the development of new, smart, and integrated digital services”, says Johan Birgersson, CEO of EasyPark Group.
“We are delighted to see the combination of two successful companies creating a pacesetter in the field of digital parking services. PARK NOW Group and EasyPark are a perfect match that will provide attractive and innovative offerings for customers worldwide”, says Stephan Unger, Member of the Board of Management of Daimler Mobility for Finance, Controlling, Risk Management, and Digital Mobility Solutions.
“PARK NOW Group is in great hands to be even more successful going forward. The acquisition will strengthen the operations to the benefit of customers and further innovation. Together, EasyPark Group and PARK NOW Group will be able to provide a wide range of digital parking services, which makes them well-positioned in an increasingly integrated world”, says Rainer Feurer, Senior Vice President of Corporate Investments at BMW Group.
The integration of the two companies will be realized in several steps concerning commercial offerings, internal organization, and ways of working.
“We are now entering a discovery and integration phase where we will make sure to draw from the strength, knowledge, and spirit of both PARK NOW Group and EasyPark Group, to build our future success. Together we have a huge potential, and as one united company we will be able to offer even more value to drivers, businesses, cities, and parking operators all around the world”, says Johan Birgersson.
The parties have agreed not to disclose the terms of the transaction.
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.