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  5. EasyPark Acquires Parko

M&A Deal Summary

EasyPark Acquires Parko

On May 18, 2016, EasyPark acquired internet software and services company Parko

Acquisition Highlights
  • This is EasyPark’s 1st transaction in the Internet Software and Services sector.
  • This is EasyPark’s 1st transaction in Israel.

M&A Deal Summary
Date 2016-05-18
Target Parko
Sector Internet Software and Services
Buyer(s) EasyPark
Deal Type Add-on Acquisition

Target

Parko

Hertzliyah, Israel
Parko Ltd. is a big data solution to finding parking, providing comprehensive real-time parking availability information.

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Buyer(S) 1

Buyer

EasyPark

Stockholm, Sweden
Category Company
Founded 2001
Sector Internet Software and Services
Employees85
DESCRIPTION

EasyPark is a global parking tech company, that helps drivers save time and money by finding and managing parking and electric vehicle charging. It allows businesses, parking operators, property owners and cities to administrate, plan and take data-driven decisions. EasyPark Group owns and develops the apps EasyPark, PARK NOW, ParkMobile, RingGo and Park-line and operates in over 3,200 cities across more than 20 countries. EasyPark was formed in 2001 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 5
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
Country (Israel) 1 of 1
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Mobile City

Saarbrucken, Germany

Mobile City develops and distributes systems for the electronic payment of parking and public transport fees. The growing interest in wireless simplicity is a large driver in its business. Mobile City is based in Saarbrucken, Germany.

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