Parkopedia Completes Acquisition Deal with EasyPark Group
Deal News | Feb 20, 2025 | Orrick
Orrick advised Parkopedia in its acquisition by EasyPark Group, cementing a long-standing relationship between the two companies. Parkopedia, a leader in digital parking services based in London, offers online parking reservation and payment solutions through its mobile application. EasyPark Group, a Stockholm-based firm, specializes in mobile parking reservations and payment transaction software. The acquisition is set to enhance driver and automaker experiences by providing a fully integrated solution that will serve a broader range of vehicles and customer profiles. Furthermore, the acquisition will offer cities valuable data-driven insights to improve mobility and urban space efficiency.
Sectors
- Automotive Technology
- Software Development
Geography
- United Kingdom – Parkopedia, the target company, is based in London, UK.
- Sweden – EasyPark Group, the acquirer, is based in Stockholm, Sweden.
Industry
- Automotive Technology – The acquisition involves companies that provide automotive-related technology solutions focusing on parking and mobility services.
- Software Development – EasyPark Group specializes in developing software for mobile parking reservation and payment transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Parkopedia | Target | Company | A global provider of connected car services and mobility data aggregation based in London. |
| EasyPark Group | Bidding Company | Company | A Stockholm-based company specializing in mobile parking reservation and payment transaction software. |
| Orrick | Legal Advisor | Company | Orrick served as the legal advisor for Parkopedia in the acquisition deal. |