La Défense, May 31, 2023
The group Indigo strengthens its presence in the B2B segment by partnering with BePark
The group Indigo, French world leader in parking and urban mobility solutions, strengthens its presence in the B2B segment by partnering with the parking operator BePark through the acquisition of a 60.2% majority stake.
Founded in 2011, BePark is a player in the parking sector that built up an extensive network in Belgium, Luxembourg, and France. The company developed over the past ten years a unique expertise in the B2B segment to address all the needs of corporate customers. More than just parking for cars, BePark supports car park operators and provides parking solutions for soft mobility, encouraging and facilitating the modal shift. BePark currently employs 30 people and operates in nearly 580 parking lots, representing over 25,000 parking spaces.
This acquisition, which follows several successful collaborations between the two companies, is part of the group Indigo's willingness to strengthen its offering to corporate and reflects the shared recognition of the complementary of the two approaches and the close cultural affinity.
Sébastien Fraisse, President of the Indigo executive board, comments: "This collaboration is an important milestone for Indigo, which demonstrates our strategic commitment to develop a strong value proposition for corporate customers. We believe that Indigo's strong territorial presence in Europe and BePark's expertise in research and commercial management of B2B customers are the perfect combination to address the demand of corporate.
Thomas Bimson, Director of Europe, is also enthusiastic about the geographical development opportunities offered by this partnership: "Our portfolio of assets in Europe provides unique development possibilities to make this project a success. We would like to strengthen our collaboration with BePark in Belgium and in France, and then extend it to new geographies, notably in Spain, where Indigo is present in a number of major cities with obvious leverage to develop its services to corporate."
Julien Vandeleene, CEO and founder of BePark, also highlights the complementary of the two companies, which gives to this union its full meaning: "This partnership between our two companies is the result of a common vision and a long-standing collaboration. Thanks to our complementary expertise, we are joining our forces to achieve one objective: to liberate public space to transform our cities by optimizing under-used private spaces. For BePark, this partnership represents a decisive step, opening the way to new possibilities and enabling us to push back our current borders. Together, we are forging a promising future where space is efficiently used and where our cities are transformed into dynamic and more sustainable places."
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Indigo Group
| Analyst / Investor contact: | Press contact: |
| Mathieu Barnavon | Benjamin Voron |
| ir@group-indigo.com | benjamin.voron@group-indigo.com |
About the published financial data
In order to improve the readability and presentation of its performance, the Group presents operating data (revenues, EBITDA, Operating Income) referred to as "Global Proportionate" (GP), defined as the IFRS consolidated data presented in the Group's statutory consolidated financial statements adjusted for the share of the contribution of the Group's activities in the joint ventures it owns (mainly in Colombia and France, in Smovengo) or that it owned until December 30, 2021 in the United States (LAZ Parking), as if they were proportionally consolidated and not accounted for by the equity method, the latter being applied for the preparation of the consolidated financial statements in accordance with IFRS.
For more information on the published financial and operational data, you can click on the following link: www.group-indigo.com
About Indigo Group S.A.
The Indigo Group, which owns nearly 100% of Indigo Infra, Indigo Neo and INDIGO®weel, is a global player in parking and urban mobility, managing more than 1.4 million parking spaces and their associated services in 9 countries.
Indigo Group is indirectly 47.83% owned by Crédit Agricole Assurances, through Predica SA and Crédit Agricole Assurances Retraite, 33.38% owned by Vauban Infrastructure Partners and 14.44% owned by MR Infrastructure Investment GmbH (MEAG), and held 0.34% of its own shares in treasury, with the Group's management owning the remainder of the shares.
www.group-indigo.com
https://www.indigoneo.fr/en
About BePark
BePark is a parking operator with an extensive network in Belgium, Luxembourg and France. Founded in 2011, the company has focused on the home-to-work segment, specializing in the B2B sector, and supporting over 350 companies in solving their parking issues. Today, BePark operates and provides over 580 parking lots in Belgium, France and Luxembourg.
More information on: www.bepark.eu
Notice
The information contained herein has been included in good faith but is intended for general information purposes only. All reasonable precautions have been taken to ensure that the information contained herein is not false or misleading. It should not be relied upon for any specific purpose and no representation or warranty is made as to its accuracy or completeness. This press release should be read in conjunction with the information about Indigo Group S.A. (the "Company") published on its website at www.group-indigo.com.
This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities. Its preparation does not constitute a recommendation regarding securities. Nothing in this document may be used as the basis for entering into a contract or agreement.
This document may contain objectives and forward-looking statements concerning the Company's financial condition, results of operations, business activities and expansion strategy. Although based on reasonable assumptions, these objectives and statements are subject to numerous risks and uncertainties, including factors not presently known to the Company or that it does not currently consider material, and there can be no assurance that the anticipated events will occur or that the stated objectives will be achieved. All forward-looking statements are the current expectations of the Company's management regarding future events and are subject to several factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The information is current only as of the date hereof and the Company assumes no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additional information about the factors and risks that could affect the Company's financial results is included in the documents filed by the Group with the Autorité des Marchés Financiers and available on its website at www.group-indigo.com.
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