Case details

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Merger control
Case reference
Ccent/2023/75 - EasyPark / Mobility 1
Acquiring
EasyPark Group AS
Description
company incorporated under Norwegian Law, jointly controlled by investment companies Vitruvian Partners LLP and Verdane Capital Advisors Holding AS, which provides mobility service solutions, including parking management solutions and related services to businesses, consumers and public parking operators (municipal) and private. These services include, in particular, the registration of parking actions and the non-monetary treatment of parking fees.
Acquired
Mobility 1 SAS
Description
simplified limited liability company (société par actions simplifiée) incorporated under French Law, which indirectly controls Flowbird Holding 1 SAS, a simplified limited liability company (société par actions simplifiée) also incorporated under French Law and parent company of the Flowbird Group, controlled by SCP III EPC UK Limited and, ultimately, by funds managed by Searchlight Capital Partners, an investment company based in the United States of America. The Flowbird Group develops activities in the urban mobility industry, operating in the production and sale of equipment, systems and services for parking payment, including payment and display terminals ("R&D") and (related) applications, as well as terminals and platforms payment for public transport. In Portugal, it operates in the sale of R&D terminals for on-street parking, through its two independent distributors Resopre - Sociedade Revendedora de Aparelhos de Preciência, S.A. and Neves & Neves - Represent. And Equipment. p/ Transportes Lda.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

This notification corresponds to the acquisition of exclusive control of Mobility 1 SAS (“Mobility 1”) by EasyPark Group AS (“EasyPark”).

Timeline
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