CHICAGO -- SpotHero, a national online parking service based in Chicago, Thursday announced the signing of an agreement to acquire Rover Parking, a leading consumer parking app in Canada.
This acquisition accelerates SpotHero's market leadership position in North America, helping the company gain access to thousands of parking locations across Canada. The deal is expected to close in the fourth quarter of 2020.
"This acquisition will expand our team and parking inventory in Canada at a time when more people are choosing a personal car as their preferred mode of transportation," said SpotHero founder and CEO Mark Lawrence.
Millions of drivers use SpotHero's mobile apps and website to find, book and access off-street parking in more than 7,000 locations across 300 cities. Rover Parking was founded in Toronto in 2014 as a peer-to-peer parking marketplace.