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 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 complementary market coverage in Northern America, Australia, New Zealand, UK (covering England, Scotland, Northern Ireland, Wales) and 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.
– The approved acquisition of PARK NOW Group is the starting point of a new era of EasyPark Group. It will raise the joint operations to a new level and thus foster innovation and increase customer benefit. Together, EasyPark Group and PARK NOW Group will be able to provide a wide range of digital parking services, offering ever more seamlessly integrated services to their customers, 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
EasyPark is a leading, fast growing parking tech company that helps drivers find and manage parking and charge their electrical vehicle. Our unique and cutting-edge technology also helps businesses, cities, parking operators and property owners with administration, planning, and data driven management in over 2,200 cities across 20 countries. We make urban life easier, one parking spot at a time. Visit www.easyparkgroup.com to find out more.
About Park NOW Group
Wistec Training Ltd, established in 2015, is an expert in providing online training that helps develop modern ICT workforce skills. Our vision is to provide knowledge and skills that become part of everyday work and that investments made in skill development translates into profitability for our clients. Our outstanding team of 18 professionals is based out of Helsinki, Finland and our revenue stood at EUR2.1m during our last accounting period.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo, and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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Press Contact
Louise Ekman, Head of Group PR, EasyPark Group
louise.ekman@easypark.net / +46 70 5222 117 Follow
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