JustPark Expands to US After Merger with ParkHub
Deal News | Jan 14, 2025 | Business Cloud
UK-based parking app JustPark has announced its expansion into the United States following a merger with North American parking solutions provider ParkHub last April. The first major step in this expansion is a partnership with the University of Hawaii, where JustPark's technology will replace traditional pay stations with a cashless app-based system for visitor parking as part of the university's technology overhaul. JustPark, which boasts over 13 million users in the UK, sees this move as an opportunity to extend its reach in the parking solutions sector by leveraging its established technology and business model within the American market.
Sectors
- Transportation Technology
- Mobile Payment Solutions
Geography
- United States – JustPark is expanding into the United States with a new partnership at the University of Hawaii.
- United Kingdom – JustPark is a UK-based company, and the expansion highlights its growth beyond its home market.
Industry
- Transportation Technology – The article discusses JustPark's expansion, highlighting the company's role in transforming parking solutions through technology.
- Mobile Payment Solutions – JustPark offers on-demand mobile payments, thus situating the company in the mobile payment solutions industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JustPark | Target | Company | A UK-based company that provides smart parking solutions and has recently expanded into the US market. |
| ParkHub | Partner Company | Company | A North American parking solutions provider that merged with JustPark facilitating the latter’s entry into the US market. |
| University of Hawaii | Customer | Organization | The first US campus to adopt JustPark's app-based parking system as part of a technological upgrade. |
| Anthony Eskinazi | Founder | Person | Founder of JustPark who commented on the company's expansion into the United States. |