Article Highlights

Key Takeaway:

EasyCard Group has finalized its acquisition of France-based Flowbird. The private equity-fueled deal is designed to give Sweden-based EasyPark greater geographic reach and the benefit of Flowbird’s hardware business. EasyPark also insists it will continue to invest in Flowbird’s fare business.

Key Data:

• Document: Flowbird, summary of financial results, 2023

• Document: Flowbird, revenue by geography, sector, 2023

Organizations Mentioned:

• EasyPark
• Flowbird
• Vitruvian Partners
• Verdane
• Searchlight Partners
• SNCF (France)
• NYCT (New York)
• MBTA (Boston)
• PTA (Perth)
• IndyGo

EasyPark Group’s recent acquisition of competing parking-payments provider Flowbird of France seeks to help EasyPark expand to thousands of additional cities globally, as well as branching out its offer to parking-payments terminals and other hardware, a market analyst told Mobility Payments.

The deal enables Sweden-based EasyPark, which is mainly known for mobile-parking apps to expand into Asia-Pacific while reinforcing its European business,

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