Flowbird acquires YourParkingSpace

UK parking technology provider YourParkingSpace has been acquired by global urban mobility firm Flowbird. 

The acquisition sees Flowbird join forces with YourParkingSpace, the UK market leader in off-street parking technology solutions. The business processes thousands of advance and on-demand parking reservations daily across the UK. Its 85,000 space providers range from individual driveway owners through to household names such as Premier Inn, Tesco and Morrisons.

Flowbird has invested significantly in expanding its digital offering over the past few years, this acquisition rapidly accelerates its digital transformation. It is the global market leader in on-street parking, working with more than 4,350 municipalities in over 80 countries. Its smart parking technology includes ticketing equipment, validation terminals and associated software systems for public transport.

Harrison Woods, CEO at YourParkingSpace, commented: “This deal ushers in an incredibly exciting new era for YourParkingSpace. It will enable us to tap into Flowbird’s unrivalled network, rapidly digitalising the off-street parking market on a global scale.”

YourParkingSpace was founded in 2013 and specialises in parking technology solutions, developing the world’s most customisable end-to-end digitally led parking solution while also operating the UK’s leading pre-book and subscription marketplace. The business has grown by 125% in the past 12 months.

Bertrand Barthelemy, president of Flowbird Group, added: “With this strategic acquisition, Flowbird will benefit from YourParkingSpace’s off-street and marketplace technology. Bringing on board its technology and proven track record of delivery is very positive news for all our stakeholders: motorists, cities and parking operator partners.”