Q-Park BV has acquired Park One GmbH, enhancing its position in the German parking management market and aligning with its strategy for sustainable urban mobility.

Information on the Target

Park One GmbH, the seventh largest private parking management company in Germany, has established a significant presence in the country by managing 41 parking facilities that encompass over 12,800 parking spaces. The company operates in various German cities, with notable strength in metropolitan areas such as Munich, Berlin, and Düsseldorf. Park One primarily manages and operates parking facilities for privately owned properties, making it a key player in the competitive parking management sector in Germany.

This acquisition by Q-Park presents an opportunity for Park One to integrate with a larger entity that emphasizes quality and sustainability in urban mobility solutions. As part of Q-Park's portfolio, Park One will benefit from enhanced resources and innovative digital solutions, positioning itself for continued growth in the region.

Industry Overview in Germany

The parking management industry in Germany is characterized by a mix of public and private ownership, with an increasing demand for efficient urban mobility solutions. As cities grow and vehicle ownersh