Global parking and urban mobility specialist Indigo Group has completed the acquisition of Apcoa’s Belgian subsidiary, Apcoa Belgium, including a 50% stake in ParcBrux, the remaining 50% being already owned by Indigo, and a 50% stake in Maatschap Parkeren Leuven.
Apcoa Belgium operates 36 contracts across four regions in Belgium (Antwerp, Flemish Brabant, Limburg and East Flanders) and generated over €18 mln of revenues in 2023.
Apcoa Belgium car parks are mostly located in areas where Indigo Group is already present, facilitating the integration of Apcoa Belgium’s operations within Indigo Group organisation. This, combined with the addition of operational and commercial expertise,, is expected to create significant synergies.
In Belgium, Indigo Group operates 240 contracts across 75 cities and generated more than €64 mln of revenues in 2023. The transaction allows Indigo Group to expand its contracts portfolio with high-quality assets and accelerate and intensify the deployment of its strategy in Belgium. Indigo Group will now fully consolidate 100% of ParcBrux.
Sébastien Fraisse, president of the Indigo Group executive board, said: 'This operation fits perfectly into the group’s strategy of strengthening its positions wherever it is deployed, both off-street and on-street.
'The complementarity of the portfolio of contracts provided by Apcoa Belgium with that already held by Indigo Belgium, and the cultural proximity between the two structures will allow an accelerated and value-creating integration.
'It is also in line with our commitment to work alongside cities to support urban transformation, ensuring that they can respond effectively to the changing mobility needs.'
Bert Pijls, executive chair of Apcoa said: 'The acquisition is beneficial for both sides, allowing Indigo to leverage synergies and Apcoa to refocus the allocation of resources and investments in markets with a better market position and stronger commercial connections.'
