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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.

  • FLOWBIRD is inspired by the ease with which each bird moves quickly and safely within a cloud of birds.

  • FLOWBIRD symbolizes our ambition to make individual travel simpler, safer, faster, while collectively maximizing efficiency and harmonizing flows.

  • FLOWBIRD more broadly encompasses our activities, better describes the diversity of our businesses for our customers and users. Every week around the world, thanks to our terminals, mobile applications and online services, we contribute to improving the living environment of our 100 million users by helping to reduce air pollution, optimise traffic, simplify payments, make cities more secure and economically dynamic...

  • FLOWBIRD is a Software platform which helps the local authorities to mesure, monitor and manage the mobility within the cities


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).

 

Pressrelease on: Mynewsdesk

 

 

 

Posted: 21 Mac 18

Parkeon, the world’s leading parking and ticketing services provider, and Swedish-based Cale, announce they have entered into exclusive negotiations to create the leading global technology company for enabling urban mobility.

More than 5,000 cities in over 70 countries rely on Parkeon’s and Cale’s robust systems for payment solutions and services.

The two companies plan to join forces to access multidisciplinary skills for the research, development and practical implementation of IoT solutions to offer cities and parking operators all around the world innovative, secure and integrated smart urban mobility services.

The combined group plans to increase investments in its ongoing digital transformation and leverage on its global customer base with over 100 million weekly end-users.

Both the Cale and Parkeon brands would continue to be offered to ensure customers a seamless and reliable service during and after the contemplated transaction.

For the year ended June 30, 2017, Parkeon turned in €220m revenues and Cale €70m revenues. The combined group targets double-digit revenue growth for the upcoming 12 months.

The combination would bolster the two companies’ extensive international operations and the enlarged group would have around 1,300 employees largely based in France, UK, Sweden and North America. Furthermore, it would represent a good fit for the two companies’ regional strengths where Parkeon has strong market positions in Europe outside Scandinavia and in the rest of the world - particularly in emerging markets, while Cale has a strong presence in Scandinavia and North America. New sales efforts would be targeted on Emerging markets in Asia, Middle East, Africa and South America.

With over 500 R&D engineers earmarked for innovation to consolidate the combined group’s market leadership, the contemplated transaction would also add to the palette of technical skills in hardware, software, sensor systems, machine-learning and AI, business Intelligence, Information Security, UI/UX design and Mobile development. 

 

Both Parkeon and Cale hold the highest level of PCI certifications for security and integrity purposes and manage over 400 million credit card and mobile payment transactions on a yearly basis.

Bertrand Barthelemy would remain group CEO and Stéphane Roques would head up the new Smart City business arising from the combination with Cale. Anton Kaya, currently CEO of Cale, would become Chief Operating Officer of the Smart City Business Unit and Owen Griffith would continue to oversee Smart Transport.

The transaction would be implemented by way of contribution of Cale’s equity to Parkeon.

Bertrand Barthélemy, Parkeon’s CEO, said: “This project seeks to bring about smarter digital-based consumer mobility, stability for our customers, and growth for our business and employees. I am proud and look forward to putting our planned combination into practice. This would be a big step forward in the growth of our companies and for the future of the Smart City and urban mobility industry, while striving to create more pleasant, environmentally-friendly and safer cities where the economy is more vibrant and it is easier to move around. We would be able to build on our world leadership in digital urban mobility services. lt would very important that we proceed with the transaction while safeguarding the corporate culture of our two companies and jobs in our industry.”

Anton Kaya, Cale’s CEO, added: “The combination of the top two companies in our industry would provide an amazing opportunity to bring together global scale, integrated technology, and diverse distribution to create a true market leader. This would represent a new page in our history: looking forward, together we would step up our ongoing campaign to digitalize our service offering. We would strive to provide innovative and secure services for our customers, who have trusted us over the years, while ensuring an exciting future for our employees”.

The proposed transaction is subject to consultation of Parkeon’s works council, and would be completed by the beginning of 2018.

Posted: 10 Nov 17
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