La Défense, April 15, 2024
Indigo Group signed an agreement to acquire the Transdev Group's on-street activities in France
Indigo Group, the world expert in parking and urban mobility solutions, has recently signed an agreement with Transdev Group to acquire its on-street parking activities in France, namely Transdev Park Voirie (TPV) and its 70% stake in CSV, held alongside the Egis group, both operated under the Moovia brand. The entire portfolio comprises 35 contracts in France and generated nearly 21 million of euros of revenues in 2023.
In France, Indigo Group already operates 78 on-street contracts on behalf of 80 cities. The geographical complementarity of the contract's portfolio, the addition of operational and commercial expertise, the shared culture of excellence, will create significant synergies, and the combined new structure will offer to the 264 new employees welcomed by Indigo Group new career prospects and professional mobility.
These acquisitions are fully aligned with Indigo Group's strategy to consolidate its activities across the entire value chain of on-street management, as a tool for organizing and regulating flows and sharing public space: enforcement, maintenance of parking meters, management of right holders and claims, mobile payment via its universal digital tool (in off-street and on-street) Indigo Neo, as well as the management of spaces for new urban regulations (Low Emission Zone - Limited Traffic Zone).
In particular, Indigo Group aims to position itself as a privileged partner of the City of Paris on mobility and regulation-related matters, notably through the CSV company, which operates parking control in 12 of the 20 Parisian districts.
Now associated within this structure, Indigo and Egis intend to expand their partnership, particularly to future projects for regulating flows and access to city centers in major European metropolises.
The completion of the transaction is subject to customary conditions, including those related to the information and consultation processes of the Employee Representative Bodies and the authorization of client municipalities.
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Indigo Group
| Analyst / Investor contact: | Press contact: |
| Mathieu Barnavon | Bruno Tallent |
| ir@group-indigo.com | bruno.tallent@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 49.2% owned by Crédit Agricole Assurances, 34.3% owned by Vauban Infrastructure Partners and 14.9% owned by MR Infrastructure Investment GmbH (MEAG), and held 0.2% of its own shares in treasury, with the Group's management owning the remainder of the shares.
www.group-indigo.com
Notice
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