Parkmobile International acquired by BMW Group
Walvis Group, for and on behalf of BCD Group, has led the successful divestment of Parkmobile International. The acquisition of Parkmobile International, through its subsidiary Parkmobile, LLC operating the largest provider of mobile parking services in North America, makes the BMW Group the leading international provider of digital parking solutions.
Partners BCD Group and Parkmobile Group founded Parkmobile International in 2007. Over the years Bluefield Investments, Fontinalis Partners and since 2014 the BMW Group and Urban Mobility were onboarded as shareholders, now followed by a transaction in which BMW Group has taken over the company. Parkmobile, LLC, based in Atlanta, Georgia, has over 100 employees. The company offers its service in more than 300 US cities, including New York, Philadelphia and Phoenix.
Parkmobile’s service can be used by drivers of all car brands and enables ticketless and cashless on-street parking via an app or directly from the car. The service also helps users find, reserve and pay for off-street parking in garages as well as other transit related services. Through innovative city parking solutions, the company is actively helping improve urban mobility. Digital parking solutions assist the driver and can reduce traffic from cars looking for parking, thus contributing to lower emissions in cities.