BMW Group acquires Parkmobile, LLC to turn world’s heading provider of digital parking solutions

Posted on 16. Jan, 2018 by in BMW Canada

Munich. The BMW Group has acquired Parkmobile, LLC,
a largest provider of mobile parking services in North America, in
Jan 2018, creation a BMW Group a heading general provider
of digital parking solutions.

 

With a corporate plan NUMBER ONE NEXT, a BMW Group is
resolutely focused on a mobility of a destiny and investing heavily in
tomorrow’s technologies, including expanding a operation of mobility
services. With a merger of Parkmobile, LLC, a association can
improved residence an essential component of civic mobility: parking solutions.

 

“Up to 30 percent of city trade is caused by people looking for
parking spaces. The merger of Parkmobile, LCC creates us the
heading general provider of digital parking solutions and means
we can improved residence a pain indicate of parking by scaling our
charity for business worldwide,” pronounced Peter Schwarzenbauer, member
of a Board of Management of BMW AG, obliged for MINI,
Rolls-Royce, BMW Motorrad, Customer Engagement and Digital Business
Innovation BMW Group.

 

The BMW Group has hold a minority interest in Parkmobile, LLC given 2014
and has now acquired a association with a over 100 employees, formed in
Atlanta, Georgia. Parkmobile, LLC offers a use in some-more than 300
US cities including New York, Philadelphia and Phoenix. Parkmobile
Group Europe, whose brands also embody ParkNow, has been unconditionally owned
by a BMW Group given Apr 2016.

 

“We are unapproachable of what Parkmobile has already achieved and look
brazen to operative with a new colleagues to scale a business even
further,” pronounced Bernhard Blättel, conduct of Mobility Services during a BMW Group.

 

Parkmobile reaches a sum of some-more than 22 million business in
Europe and North America and offers digital parking solutions in more
than 1,000 cities.

 

“The BMW Group has always been on a forefront of disruptive
mobility technology. Having entrance to new collateral as good as a BMW
Group’s tellurian network of partners and business puts us in an
glorious position to accelerate a expansion and enhance serve beyond
North America. We could not suppose a improved partner,” commented Jon
Ziglar, CEO of Parkmobile, LLC.

 

Parkmobile’s use can be used by drivers of all automobile brands and
enables ticketless and cashless on-street parking around an app or
directly from a car. The use also helps users find, haven and
compensate for off-street parking in garages as good as other movement associated services.

 

Through innovative parking solutions, a BMW Group is actively
assisting urge civic mobility. Digital parking solutions support the
motorist and can revoke trade from cars looking for parking, thus
contributing to reduce emissions in cities.

 

 

If we have any questions, greatfully contact:

 

Corporate Communications, Business and Finance Communications

 

Sylvia Heydt, sylvia.heydt@bmwgroup.com  Telephone: +49 89 382-23522

 

Christina Hepe, christina.hepe@bmwgroup.comTelephone: +49 89 382-38770

 

Media website: www.press.bmwgroup.com

Email: presse@bmw.de

 

 

The BMW Group

 

With a 4 brands BMW, MINI, Rolls-Royce and BMW Motorrad, a BMW
Group is a world’s heading reward manufacturer of automobiles and
motorcycles and also provides reward financial and mobility services.
The BMW Group prolongation network comprises 31 prolongation and assembly
comforts in 14 countries; a association has a tellurian sales network in
some-more than 140 countries.

 

In 2017, a BMW Group sole over 2,463,500 newcomer vehicles and
some-more than 164,000 motorcycles worldwide. The distinction before taxation in the
financial year 2016 was approximately € 9.67 billion on revenues
amounting to € 94.16 billion. As of 31 Dec 2016, a BMW Group
had a workforce of 124,729 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 

Parkmobile, LLC

Parkmobile, LLC is a heading provider of parking solutions in North
America, assisting millions of people simply find and compensate for parking on
their mobile device. The company’s record is used in over 3,000
locations opposite a country, including 7 of a tip 10 cities,
as good as college campuses, airports and stadiums. Parkmobile was
recently named by Deloitte as a Technology Fast 500 winner,
recognising a fastest-growing record companies in North America.

 

For some-more information, revisit Parkmobile.com or @Parkmobile on Twitter.

 

Media contact: Jeff Perkins, Parkmobile, LLC 678-801-8855, jeff.perkins@parkmobileglobal

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