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EasyPark Group s acquisition of PARK NOW Group is complete

/PRNewswire/ Authorities have announced their approval of EasyPark Group s acquisition of the global provider of digital parking services, PARK NOW Group..

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Mercedes And BMW Abandon Joint Project

The two German automakers also canceled plans to develop autonomous technology last year. Back in 2019, BMW and Daimler made the surprise announcement the two companies were joining forces to develop automated driving technology, with the goal of launching a self-driving car loaded with Level 4 autonomous tech by 2024 that s even more advanced than the semi-autonomous technology offered in the new Mercedes S-Class and BMW iX. Unfortunately, this partnership was short-lived. Last year, BMW and Mercedes announced the partnership was put on hold due to development costs and current business and economic conditions. Now, another partnership between the two German automakers has been canned. In 2019, Mercedes and BMW formed the Your Now joint venture that launched car-sharing, ride-hailing, EV charging, and parking services in Europe and the US.

MIL-OSI Translation: BMW Group and Daimler Mobility want to sell PARK NOW Group to EasyPark Group

MIL OSI Translation. Region: Germany / Deutschland – Source: BMW Group With the planned takeover of the PARK NOW Group, the EasyPark Group will become a global provider of digital mobility services in terms of technology and coverage. The two shareholders BMW Group and Daimler Mobility AG have developed the PARK NOW Group into a global provider of digital parking solutions. The intended transaction enables the EasyPark Group to expand its range of state-of-the-art digital parking and mobility services – including parking on the roadside and in multi-storey car parks, the Find & Park function, functions for electric charging and seamless integration of the offers into the vehicle / Stuttgart / Stockholm – The BMW Group and Daimler Mobility AG announced today that they are selling their joint venture PARK NOW Group to the EasyPark Group. The transaction is subject to prior approval by the relevant authorities. PARK NOW is the provider of digital parking services in the YOUR NOW

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