Mobile parking solutions company Parkmobile LLC has undergone a recapitalisation of the business and investment by BMW Group.
BMW Group, which had been a minority investor in Parkmobile since 2014, will now be the sole outside investor after buying out the legacy shareholders in the business. Terms of the deal were not disclosed.
The transaction sees Parkmobile consolidate its shareholder base and gain access to capital to accelerate growth and innovation.
The announcement comes as...
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