Building a Global Digital Mobility Provider: EasyPark Group Intends to Acquire PARK NOW Group from BMW Group and Daimler Mobility
March, 2021 - Germany
A team led by Dr. Jörg Schewe, Partner at Heuking Kühn Lüer Wojtek, advised EasyPark Group on the proposed acquisition of PARK NOW Group, a joint venture of BMW Group and Daimler Mobility AG, and managed the transaction globally on the buyer side. The proposed acquisition of PARK NOW Group enables EasyPark Group to take the next strategic step in becoming a global digital pace-setter in mobility services, and enable them to reach more cities, operators and users. The transaction is subject to prior approvals by the relevant authorities.
Under the umbrella of their joint venture PARK NOW Group, the BMW Group and Daimler Mobility Services AG have developed a global provider of digital parking services in recent years. PARK NOW operates under the brands RingGo, PARK NOW, Park-line and Parkmobile in eleven countries. The group offers a broad portfolio of digital services related to parking – both in car parks and on-street in more than 1,100 cities worldwide. Customers can reserve, book and pay for parking spaces online in advance via the app.
EasyPark Group is a European mobility company that helps drivers remotely find, manage and pay for both parking and electric vehicle charging in one application. With its cutting-edge technology, EasyPark Group supports its users, the companies they work for, cities and parking operators with parking administration, planning and management in over 2,200 cities across 20 countries throughout Europe and Australia.
Advisor EasyPark
Heuking Kühn Lüer Wojtek:
Dr. Jörg Schewe (M&A / Corporate, Lead),
Dr. Frederik Wiemer (Antitrust),
Christoph Prochnau, LL.B. (M&A / Corporate, Commercial),
Dr. Julius Wedemeyer (M&A / Corporate, Commercial),
Fabian G. Gaffron (Tax),
Christian Spintig (IP),
Dr. Hans Markus Wulf (IT),
Dr. Andreas Walle (Labour Law),
Dr. Volker Voth (Labour Law),
Jana Maria Siemens, LL.B. (Labour Law),
Julia Cramer (Investment Law),
Nathalie Hemmerling (Commercial),
Katharina Waszczynski (Commercial), all Hamburg
Advisor foreign jurisdictions:
Netherlands:
Van Doorne
England / UK:
Shoosmiths
USA:
Mintz
Belgium:
Altius
France:
Jeantet
Austria:
Dorda
Switzerland:
Walder Wyss
Australia
MinterEllison
