INTRODUCTION OF NEW COMPANY NAME
March 20th, 2018 - Paris
Parkeon and Cale, the world leaders in parking and transport ticketing solutions, are joining forces to create a new global entity with a new brand – FLOWBIRD – with a signature : Urban IntelligenceThe two players will get stronger in the field of digital through the appointment of a dedicated CEO, Marius Koerselman, for the mobile payment business and a cross-data exchange partnership with Parkopedia.
This is our know-how, the Urban Intelligence. With FLOWBIRD, Urban Intelligence, mobility becomes easier, safer, faster.
FLOWBIRD is pleased to announce the appointment of Marius Koerselman as CEO of Yellowbrick International, its mobile payment business. Marius Koerselman was previously CEO of Parkmobile. Marius Koerselman's arrival at this position reflects Flowbird's determination to become the leader in Mobile Parking Payment while confirming its position as the world's sole player independent from any a car manufacturer.
FLOWBIRD and Parkopedia are also announcing today the creation of a cross-data exchange partnership to improve the services offered to both operators and consumers.
Indeed, Parkopedia will provide Flowbird with data on off-street car parks including information on the 60 million parking spaces it manages in more than 8,000 cities. Its data will feed Flowbird's Path to Park app.In return for this, Parkopedia will use the data received from Flowbird on its on-street parkings to develop its services for customers, both professionals and consumers.
FLOWBIRD operates in over 5,000 towns and cities in 70 countries. The company is constantly innovating and breaking new ground to help provide solutions. The merger of Parkeon and Cale, announced in January, will enable us to combine our expertise and accelerate our investments into products and services that, through digitalisation, technology and innovation, will help us to improve individual journey experiences and make our communities better.
About Parkeon 2017 revenues: €250m 2017 EBITDA: €55m |
About Cale 2017 revenues:€ 70m 2017 EBITDA: €10m |
The new group, FLOWBIRD, Urban Intelligence has 1,300 employees (Parkeon 1016 and Cale 284 as at December 31, 2017).