BMW Group acquires Parkmobile LLC in the United States of America
18 January '18
AMSTERDAM, 18 January 2018 – Following the takeover of the European branch of Parkmobile in April 2016, BMW Group acquires Parkmobile LLC to become the world’s leading provider of digital parking solutions.
Parkmobile serves now 22 mio customers in more than 1,000 cities. With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing heavily in tomorrow’s technologies, including expanding its range of mobility services. With the acquisition of Parkmobile, LLC, the company can better address an essential element of urban mobility: parking solutions.
The BMW Group has held a minority stake in Parkmobile, LLC, since 2014 and has now acquired the company, based in Atlanta, Georgia. Parkmobile, LLC, offers its service in more than 300 US cities including New York, Philadelphia and Phoenix. Parkmobile Group Europe, whose brands also include PARK NOW, has been wholly owned by the BMW Group since April 2016, offering its services in over 700 European cities including London, Amsterdam, Berlin and Paris.
Parkmobile’s service can be used by drivers of all car brands and enables ticketless and cashless on-street parking via an app or directly from the car. The service also helps users find, reserve and pay for off-street parking in garages as well as other transit related services.
Through innovative parking solutions, the BMW Group is actively helping improve urban mobility. Digital parking solutions assist the driver and can reduce traffic from cars looking for parking, thus contributing to lower emissions in cities.
See also BMW Group’s press release.