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EYSA Announces Acquisition Of P3GM A Leading Smart City Development CompanyNEW YORK, July 20, 2017 /PRNewswire/ -- P3 Global Management (P3GM - www.p3gm.com) a global smart city development company announced today that it has been acquired by EYSA a leader in smart mobility solutions, in an all cash-transaction. P3GM focuses on bringing advanced bike-share systems to small and mid-sized cities through a unique approach that brings turn-key mobility infrastructure to cities at no cost to the taxpayer. Their first program Skybike, based in West Palm Beach, FL launched in June 2015 and comprises of 150 bikes across 14 stations, boasting over 13,000 registered users. This was quickly followed by the increasingly successful Hudson Bike Share program (Hoboken, NJ), whose 300 bikes supplement 29% of the Mile Square City's population and achieved over 150,000 rides in its first year. "We built P3GM with a clear vision to be a trusted long-term partner, guiding cities through their smart city transformation and unlocking social, environmental and economic (SEE) value. It's great to share that vision with EYSA, and have the opportunity to join forces with their team," said co-founder Sergio Fernandez de Cordova. "We believe the opportunity in the smart city space is huge and it's evolving fast. We are very proud to see our portfolio company acquired by EYSA, the alignment both companies in the USA will be key to scaling and providing better smart mobility solutions to the municipal marketplace," said Maias de Tezanos, co-founder of P3GM and founder of PeopleFund the lead investor of P3GM. "With the acquisition of P3GM, we now have a platform and a foothold in the American municipal market, thus giving us the opportunity to expand our footprint as well as grow the already successful bike share programs." states Javier Delgado, CEO of EYSA. "We look forward to working with Carlos Pujol, CEO of P3GM and his talented team." Amongst the various international accomplishments EYSA is the curator of Madrid's Emov electric car share service and regulated surface parking platform Elparking. EYSA has an aligned strategic vision to change the habits of people in cities through smart mobility solutions that improve the efficiency of municipalities, and reduce their environmental impact. About P3GM About EYSA About PeopleFund View original content:http://www.prnewswire.com/news-releases/eysa-announces-acquisition-of-p3gm-a-leading-smart-city-development-company-300491618.html SOURCE P3 Global Management |