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EasyPark Group completes acquisition of Parkopedia to enhance the global driver experience

Feb 13, 2025•10 months ago

Acquiring Company

EasyPark Group

Acquired Company

Parkopedia

StockholmCopenhagenAutomotiveTransportation

Description

Today, EasyPark Group, a leading provider of digital parking and mobility solutions, completes its strategic acquisition of Parkopedia, a global leader in connected car services and mobility data aggregation. This acquisition creates a seamless, end-to-end driver experience, built on highly accurate and complete data, and unparalleled global payment capabilities. With the addition of Parkopedia, EasyPark Group aims to make the driver journey more seamless by integrating in-car data, payment technology, and digital parking solutions.

Company Information

Company

EasyPark Group

Location

Stockholm, Stockholm County, Sweden

About

Together we are a diverse team of +1000 employees across the globe who stay true to our values while making cities more livable. We believe that our strong culture is one of the most important reasons why EasyPark Group today is a leading global parking tech company. With award-winning technology, EasyPark Group has eased parking since 2001 and today, the company helps drivers save time and money by finding and managing parking and electric vehicle charging. It allows businesses, parking operators, property owners and cities to administrate, plan and take data-driven decisions. EasyPark Group owns and develops the apps EasyPark, ParkMobile, RingGo and Park-line and operates all over the world. Our journey has and is something special - We are way more than just a parking app! Go to our website www.easyparkgroup.com to learn more about our journey, see what we can do for you or your city, or maybe you want to join our amazing team. Welcome to the world of EasyPark Group.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed