BMW and Daimler to sell Park Now to Swedish Easypark
This Tuesday, BMW and Daimler announced that their Park Now joint venture, specialized in digital parking solutions, is set to be acquired by Swedish group Easypark. No amount has been disclosed, and the transaction is subject to prior approval by relevant authorities.
Still in the BMW and Daimler joint venture portfolio, Free Now is joining forces with TIER. The micro-mobility provider will make its e-scooters and mopeds available in France and Germany via the Free Now app.
Park Now is the parking division of BMW Group and Daimler Mobility AG’s Your Now joint ventures along with the Share Now car-sharing services, Charge Now and Free Now ride-hailing, and digital trip planning service. It has become a global, digital parking provider, active in 1 100 cities across 11 countries in Europe, North and South America.
For an undisclosed amount and still subject to prior approval by relevant authorities, both carmakers are set to sell Park Now to Easypark. The Swedish group acts in the same sector, offering services to help customers find, manage, and pay for parking and charging solutions in over 2 200 cities across 20 European and Australian countries.
“We are pleased to welcome Park Now, its customers, and the whole team to the EasyPark Group. This enables us to add value and simplify mobility in day-to-day life for more cities, parking operators, and joint users. The acquisition is strategically important to accelerate our long-term growth innovative capabilities,” declared Johan Birgersson, CEO of EasyPark Group, in a recent press release.
TIER and Free Now unite
While one joint venture is on its way out, Munich and Stuttgart are strengthening their mobility platform Free Now with TIER Mobility’s arrival. The German provider of micro-mobility solutions will make its e-scooters and mopeds available through the Free Now app from April in eight German cities followed by others in France.
In addition to that, 5 000 Free Now e-scooters will be rebranded in TIER colors. This is another addition to the multi-modal app, through which users can already book mopeds from Emmy, e-scooters from Voi, and shared cars from Miles.