Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) acquired remaining stake in Parkmobile USA, Inc. from SP Plus Corporation (NasdaqGS:SP) and others on January 16, 2018. BMW Group own minority stake in Parkmobile, LLC and has now acquired the Parkmobile with it's over 100 employees, based in Atlanta, Georgia. BMW recapitalized the business and investment in Parkmobile. As of December 18, 2018, the transaction received early termination notice from FTC. Ton Schutte, Bart van Reeken, Joel Erwteman, Ingeborg Struijkenkamp of De Brauw Blackstone Westbroek NV acted as legal advisor in the transaction. Norton Rose Fulbright LLP acted as legal advisor in the transaction.

Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) completed the acquisition of remaining stake in Parkmobile USA, Inc. from SP Plus Corporation (NasdaqGS:SP) and others on January 16, 2018.