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July 4, 2024

Indigo Group signs an agreement to acquire 100% of APCOA Belgium

Indigo Group today announced it has signed an agreement with APCOA Holdings GmbH (“APCOA”) to acquire APCOA’s Belgian subsidiary, APCOA Belgium NV (“APCOA Belgium”), including a 50% stake in ParcBrux BV (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 million of euros 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 organization. This, combined with the addition of operational and commercial expertise and a shared culture of excellence, is expected to create significant synergies.

In Belgium, Indigo Group operates 240 contracts across 75 cities and generated more than 64 million of euros of revenues in 2023. The contemplated transaction will allow Indigo Group to expand its contracts portfolio with high-quality assets and to consolidate its leadership position in Belgium. It will also provide Indigo Group with an opportunity to accelerate and intensify the deployment of its strategy in Belgium and strengthen its competitive position in the attractive on-street and electric vehicles charging markets. Finally, following the contemplated transaction, Indigo Group will own and fully consolidate 100% of ParcBrux BV.

Sébastien Fraisse, President of the Indigo executive board, comments: “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 says: “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. We sincerely thank the entire team of APCOA Belgium for their longstanding commitment to our business and are confident that this transition will enable the business to continue to thrive under new leadership and collaboration.”

The completion of the transaction is subject to customary conditions and is expected before the end of July 2024.

Indigo Group

Analyst / Investor contact:  
Mathieu Barnavon
ir@group-indigo.com

Press contact:
Bruno Tallent
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 10 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

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.

Neither the Company nor any of its affiliates, officers or employees shall be liable for any loss, damage or expense arising out of access to or use of this document, including, without limitation, any lost profits, indirect, incidental, or consequential loss.

No part of this document may be sold or distributed for commercial purposes or modified.

Press contact

APCOA Holdings GmbH

Sebastian Merkle
Flughafenstraße 34
70629 Stuttgart-Airport

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Notes to editors

About APCOA

Active in the fields of parking, charging, technology and urban solutions, APCOA is Europe’s No.1 parking operator. We transform parking infrastructure into an essential part of tomorrow’s sustainable mobility. With our 5,000 employees, we manage more than 1.8 million individual parking spaces at 13,000 locations across 13 European countries.

Our Mission: getting the best out of each and every parking space. For our clients, their customers and their communities. Today and tomorrow.

APCOA manages car parks for owners and investors in all sectors. We cater to each specific need, be it monetary, service-based or both. Wherever possible, we provide easy-to-use charging infrastructure. In doing so, we contribute to advancing e-mobility. From our Traffic Management System to Autonomous Valet Parking – our proprietary technologies are the foundation for both state-of-the-art and tailor-made solutions.

APCOA Urban Solutions bring together multiple useful services in unique ecosystems: Our locations offer themselves as logistics centres for last mile delivery, provide charging spots for EVs, e-scooters and e-bikes or serve as pick-up and drop of points for mobility providers.

And we are committed to growing in innovative and environmentally friendly ways. By bringing parking, sustainable mobility and urban life together, we aim to contribute to a better future. By reducing CO2 emissions, conserving resources and improving the overall quality of life, we want to act as an integral part of the urban ecosystem.

Press contact

APCOA Holdings GmbH

Sebastian Merkle
Flughafenstraße 34
70629 Stuttgart-Airport

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