EasyPark Group, parent company of cashless parking provider RingGo, has acquired Parkopedia, a global leader in connected car services and mobility data aggregation.

The acquisition will team up Parkopedia’s data and payment tech with EasyPark’s expertise in payments

The acquisition, terms of which have not been disclosed, will team up Parkopedia’s data and payment technology with EasyPark’s expertise in payments, enhancing connected car services and data monetisation opportunities for cities and automakers.

EasyPark Group said the acquisition would deliver a seamless, data-driven mobility experience for drivers, building on an existing decade-long collaboration between the companies.

Parkopedia’s advanced in-car data and payment technology for parking, EV charging, fuelling and tolling complements EasyPark Group’s expertise in digital payments, enabling seamless integration across parking systems, digital platforms and in-car solutions.

Cameron Clayton, CEO of EasyPark Group, commented: “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.”

Eugene Tsyrklevich, founder and CEO of Parkopedia, said it was 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 monetisation 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.”

The deal has the backing of Vitruvian Partners, Verdane and Searchlight Capital Partners LP, the investment firms that own the joint company.