Park Mobile was bought by BMW in April 2016, but the acquisition is in RTL Z only announced on Friday. There would be ‘tens of millions’ being paid for the appmaker.
ParkMobile shows parking spaces at the user nearby. By one of the park these locations, a reminder is automatically sent when the parking time is about to expire.
According to Marius Koerselman, General Manager at Park Mobile, the app will continue to exist and remain open to competing car brands . BMW would be a
kind of ‘strategic investor’. 
BMW says it wants to be more than just taking over a car manufacturer, by companies such as Park Mobile. The automaker will also offer more services in this way
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