Building a global digital mobility player by combining state-of-the-art technology and coverage
- The proposed acquisition of PARK NOW Group enables EasyPark Group to take the next strategic step in becoming a cutting-edge global digital mobility player through combining state-of-the-art technology and coverage.
- The intended transaction of PARK NOW Group to EasyPark Group will expand the coverage of state-of-the-art digital parking and mobility services – offering both on- and off-street parking, parking guidance (Find & Park) and seamless in-car integration.
9th of March, Basingstoke – The proposed acquisition of PARK NOW Group from the shareholders BMW Group and Daimler Mobility is subject to prior approval by relevant authorities. PARK NOW Group operates in the UK under the name RingGo.
Under the umbrella of PARK NOW Group, the RingGo app helps to find parking lots in more than 475 towns and cities in the UK. Both owners of the YOUR NOW Joint Ventures have developed a global provider of digital parking services in recent years. PARK NOW operates under the brands RingGo, PARK NOW, Park-line and Parkmobile in 11 countries. PARK NOW Group offers a broad portfolio of digital services related to parking − both in car parks and on-street in more than 1,100 cities. Customers can reserve, book and pay for parking spaces online in advance via the app.
EasyPark is a fast-growing, European mobility company that helps drivers remotely find, manage and pay for both parking and electric vehicle charging in one seamless application. With its cutting-edge technology, EasyPark supports its users, the companies they work for, cities and parking operators with parking administration, planning and management in over 2,200 cities across 20 countries throughout Europe and Australia. The company was recognized by Deloitte as one of the “Best Managed Companies” in 2019 and 2020.
The intended acquisition of PARK NOW Group enables EasyPark to grow further and become a global pacesetter in parking-related digital services. The two companies are perfectly positioned for market coverage in the US and Europe. Both service providers are deeply committed to customer satisfaction and share a corporate culture based on technological enthusiasm and a relentless pursuit of improvement. They are driven by a passion for smart mobility and cleaner, more livable cities. With its global coverage and scale as an integrated portfolio, EasyPark intends to fund additional growth and expansion and will offer even better, integrated services to its customers in the future.
Peter O’Driscoll, Managing Director, RingGo: “EasyPark and RingGo are driven by the same passion for smart mobility for cleaner and more livable cities. RingGo is the innovation leader for emission-based parking solutions and leveraging our combined skills to offer advanced parking solutions to more customers, cities and operators will allow us to significantly accelerate our journey towards a cleaner and smarter future of mobility.”
Johan Birgersson, CEO of EasyPark Group: “We are pleased to welcome PARK NOW, its customers and the whole team to the EasyPark Group. This enables us to add value and simplify mobility in day-to-day life for more cities, parking operators and our joint users. The acquisition is strategically important in order to accelerate our long-term growth and innovative capabilities.”
The parties have agreed not to disclose the terms of the transaction. The deal is subject to prior approval by the competent authorities.
Chris Edwards, Marketing Director RingGo
M: +44 7970 562 594
Rebecca Orr, Account director Team Lewis
M: +44 7930 581302
Louise Ekman, Head of Group PR
M: +46 70 5222 117
About EasyPark Group
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. The company has also been rewarded by Deloitte for best managed company in 2019 and 2020. We make urban life easier, one parking spot at a time. Visit www.easyparkgroup.com to find out more.
PARK NOW Group is present in 11 countries and a cutting-edge mobility services provider in the US, UK and The Netherlands offering a broad portfolio of digital services related to parking − both in car parks and on-street in more than 1,100 cities worldwide. Part of PARK NOW Group, RingGo operates in more than 475 towns and cities and creates software solutions for drivers, cities and operators that make finding, accessing and paying for parking quick, simple and effortless.