EasyPark Group has completed its strategic acquisition of Parkopedia, a global leader in connected car services and mobility data aggregation. The merger aims to create a seamless, end-to-end driver experience with advanced technological capabilities spanning parking, electric vehicle charging, fueling, and payment systems.
By combining Parkopedia's in-car data integration and payment technology with EasyPark's digital parking solutions, the combined entity seeks to address comprehensive driver needs across multiple platforms. The acquisition builds on a decade-long collaboration between the two companies and provides significant potential for innovation in urban mobility.
CEO Cameron Clayton emphasized the strategic importance of the merger, noting that the integration will enable serving a wider range of vehicles and customer profiles. For municipal governments, the acquisition offers data-driven insights that could help shape transportation policies and improve urban space utilization.
Parkopedia's Founder and CEO Eugene Tsyrklevich described the acquisition as a transformative moment for data-driven mobility, highlighting the potential for new products and enhanced connected car services. The merger is expected to accelerate innovation and service delivery in the global mobility ecosystem.
The transaction, supported by investment firms Vitruvian Partners, Verdane, and Searchlight Capital Partners L.P., represents a significant consolidation in the mobility technology sector. While financial terms remain undisclosed, the acquisition positions EasyPark Group as a more comprehensive mobility platform operating across over 6,000 cities in more than 80 countries.
