EasyPark Group Acquires Flowbird Group to Strengthen Global Mobility Solutions
Deal News | Jan 15, 2025 | PR Newswire Cision Easypark
EasyPark Group, a leader in digital parking and mobility solutions, has completed its acquisition of Flowbird Group. With this strategic merger, EasyPark aims to enhance urban mobility solutions worldwide and expand into new markets. Cameron Clayton, CEO of EasyPark, will lead the joint entity. The acquisition promises to provide smart parking and transportation solutions through a comprehensive range of services, including mobile paid parking, public transport solutions, and data insights, all tailored to meet the specific needs of individual cities. The investment firms Vitruvian Partners, Verdane, and Searchlight Capital Partners support this acquisition and will co-own the new company. The financial details of the transaction have not been disclosed.
Sectors
- Urban Mobility
- Digital Parking Solutions
Geography
- Sweden – EasyPark Group, headquartered in Stockholm, Sweden, is a central player in this acquisition, making Sweden key to the article's context.
- Global – The expansion and integration of EasyPark and Flowbird's services aim at a global market, impacting various regions worldwide.
Industry
- Urban Mobility – This industry involves the development of solutions to enhance transportation and movement within urban areas. EasyPark and Flowbird are active in this sector as they aim to improve urban living through smart parking and transportation solutions.
- Digital Parking Solutions – This sector focuses on innovative parking technology to ease urban mobility, a core business area for both EasyPark and Flowbird.
Financials
- Not Disclosed – The financial terms of the transaction between EasyPark Group and Flowbird Group have not been publicly revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EasyPark Group | Acquiring Company | Company | EasyPark Group is a leading provider of digital parking services, based in Stockholm, Sweden. |
| Flowbird Group | Target Company | Company | Flowbird Group specializes in smart urban mobility solutions, contributing to parking and transportation technology. |
| Cameron Clayton | CEO | Person | Cameron Clayton is the CEO of EasyPark Group and will lead the new joint company post-acquisition. |
| Frédéric Beylier | Former CEO | Person | Frédéric Beylier is the former CEO of Flowbird Group and is leaving the company following the acquisition. |
| Vitruvian Partners | Investor | Company | One of the investment firms co-owning the joint company, supports the acquisition. |
| Verdane | Investor | Company | One of the investment firms co-owning the joint company, supports the acquisition. |
| Searchlight Capital Partners L.P. | Investor | Company | One of the investment firms co-owning the joint company, supports the acquisition. |