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Financial terms of the deal were not disclosed.
FlashParking CEO Dan Sharplin said the coronavirus pandemic has increased demand for digitized and touchless alternatives to traditional parking. We have seen first-hand the devastating effects of the pandemic on the parking industry, Sharplin said. A key component to recovery is deployment of cloud-based, future-ready technologies that allow owners and operators to modernize and diversify their business model with the addition of mobility services.
FlashParking will integrate Arrive s mobile apps, digital services and network of millions of users into its operating platform, Sharplin said. Through this unique combination, FlashParking and Arrive will offer the connective tissue between the parking industry and the future of mobility, he said.