Verdane realises investment in Parkopedia

EasyPark Group intends to leverage Parkopedia’s advanced in-car technology to deliver a seamless, data-driven mobility experience
Verdane realises investment in Parkopedia

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. Together, 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, we are making the driver journey more seamless,” said Cameron Clayton, CEO of EasyPark Group. “Parkopedia’s in-car data integration and payment technology, coupled with our digital parking solutions and on-street parking equipment, allows us to address the entire driver experience, and we are excited to share this platform with our current and future partners. Together, we will continue making driver journeys smoother and making an open platform for the whole of the global mobility industry.”

The acquisition of Parkopedia builds on a decade-long collaboration with EasyPark Group to deliver a fully integrated driver experience. Parkopedia’s advanced in-car data and payment technology for parking, EV charging, fueling and tolling complements EasyPark Group’s expertise in digital payments, enabling seamless integration across parking systems, digital platforms, and in-car solutions. For drivers, automakers and partners, the integration will enable the group to serve a wider range of vehicles and customer profiles. For cities, the acquisition provides data-driven insights to shape mobility and transportation policies and improve the efficient use of urban spaces.

“This is a transformative moment for data-driven mobility. Together with EasyPark Group, we are expanding upon our combined capabilities, providing new products and features, built on highly accurate data and payment expertise, that enhance connected car services and data monetization opportunities across municipalities and the automotive industry. Our combined resources will help accelerate innovation and service delivery, continuing to delight users and enable frictionless global mobility,” said Eugene Tsyrklevich, Founder & CEO of Parkopedia. 

Vitruvian Partners, Verdane and Searchlight Capital Partners L.P., the investment firms that own the joint company, support the acquisition. The parties have agreed not to disclose the terms of the transaction.
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Verdane
Verdane
Stockholm, Sweden
Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalise and decarbonise the European economy. Verdane funds have the most flexible mandates in the industry. The firm can invest as a minority or majority investor, replacement or growth capital, in single companies or in portfolios of companies. Verdane has over €8 billion in assets under management and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 150 investment professionals and operating experts is based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, and combines deep sector expertise with deep local networks and presence in core European markets. Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy. Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
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