APCOA Parking and German Telekom Enter into Agreement on Strategic Cooperation for Comprehensive Parking Services

APCOA PARKING Group ("APCOA"), Europe's leading parking manager and Deutsche Telekom, Europe's largest telecommunications company, have signed a strategic cooperation agreement to develop and launch a comprehensive parking service offering including APCOA parking garages and on-street spaces. The aim of the cooperation is to provide customers of the joint parking solution with a parking product that is as complete as possible.

The agreement includes the integration of the APCOA FLOW platform as an authentification technology for non-contact entry and exit and automated payment in the APCOA-managed parking facilities. In addition, customers will be provided with additional parking spaces that were previously inaccessible to the public in residential and office properties at after-hours. Deutsche Telekom is using its Park and Joy app as a parking solution. It shows free parking in public spaces and private areas and also allows you to book and pay by smartphone. The combination of the two innovative technologies creates a comprehensive range of services for parking in car parks and on the roadside in Germany.

Within the scope of this cooperation, motorists should be provided with a common parking solution consisting of elements of both parking solutions of the respective parties. This allows them to access and exit non-contact and automated payment (APCOA FLOW) as well as to display, book and pay in public and private areas (Park and Joy). To this end, a corresponding embedding of the APCOA FLOW non-contact entry and exit functionality and automated payment in APCOA-managed parking facilities is agreed in the Park and Joy App.

About APCOA PARKING Group

APCOA PARKING Group is Europe’s leading parking management company with more than 45 years of industry expertise. APCOA Group’s 5,000 employees manage approximately 1.4 million individual parking spaces at over 9,000 locations in 13 European countries. These include parking spaces at 1,800 city and shopping center locations, 400 hotels, 150 hospitals, and 58 European airports. With its consistent “asset light” business model, APCOA is a trusted partner for private and public real estate owners.

APCOA’s advanced IT platform is the interface between its car parks, business customers, partners, car drivers, and their vehicles. Thus, APCOA is able to offer its business and end customers innovative services and products to improve the efficiency and comfort of their mobility experience. In addition to the company’s customers, these innovative services also create environmental benefits: APCOA actively contributes to reducing CO2 emissions in cities and at traffic intersections by reducing the volume of traffic searching for parking spaces with the aid of digital services and the company’s intelligent traffic management system.

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