Raue Advises on Sale of Parkling to PARK NOW

Raue advised the founder and CEO of the Berlin-based data company Parkling on the sale of Parkling to PARK NOW. Both companies are active in the field of parking solutions.

PARK NOW is a joint venture of the BMW Group and Daimler AG that specializes in digital parking services under the PARK NOW, Parkmobile, RingGo and Park-line brands and provides more than 33 million users in over 1,200 cities in Europe and North America with parking solutions.

Parkling analyzes the parking situation at the roadside and delivers high-precision forecasts of free parking spaces using data obtained from scanners on fleet vehicles and taxis. In addition, the company produces static maps with parking rules & restrictions and locations of parking bays.

Raue provided comprehensive advice on the transaction with regard to corporate law, copyright law, data protection law, tax law and labour law aspects.

(30 September 2019)