BMW Group and Daimler AG agree to combine their mobility services including parking

28 March '18

The BMW Group and Daimler AG are joining forces to offer customers a single source for sustainable urban mobility services. The two companies today signed an agreement to merge their mobility services business units. Subject to examination and approval by the responsible competition authorities, the BMW Group and Daimler AG plan to combine and strategically expand their existing on-demand mobility offering in the areas of CarSharing, Ride-Hailing, Parking, Charging and Multimodality. Each company will hold a 50-percent stake in a joint-venture model comprising both companies’ mobility services. The two companies will remain competitors in their respective core businesses.

We at the PARK NOW Group will be a part of this journey. From parking and charging services for vehicle owners to car- and ride-sharing and multi-modal solutions, this new venture plans to offer our customers a perfect, seamless service that meets all their personal mobility needs.

Marc de Vries, CEO of the PARK NOW Group, comments, “I strongly believe that this is very good news for our company as it will allow us to further accelerate the execution of our plans under the guidance of two of the world’s biggest and most valuable car manufacturers.”

“Parking will continue to play an important role and our planned shareholders clearly see the strategic importance of mobility services and the necessity to closely work together on this topic in order to create the best possibilities for growth and customer experience.”

See here for the BMW Group and Daimler AG press release.