BRIEF

on CREDIT COOPERATIF

INDIGO Group Completes Acquisition of Transdev's On-Street Activities in France

INDIGO Group has finalized the acquisition of Transdev Group’s on-street parking operations in France. This includes Transdev Park Voirie (TPV) and a 70% stake in CSV, shared with Egis group, operated under the Moovia brand. The new portfolio boasts 37 contracts in France, generating nearly €21 million in revenue in 2023.

INDIGO Group, already managing 90 on-street contracts in France, will integrate 264 new employees, enhancing career mobility. The deal aligns with INDIGO’s strategy to consolidate on-street management and public space regulation. This acquisition strengthens INDIGO's role as a key partner for urban mobility in France, particularly in Paris.

The collaboration with Egis aims to regulate city center access in European metropolitan areas. Sébastien Fraisse, President of INDIGO, stated that this milestone solidifies their position as urban mobility leaders and supports city transformations, contributing to Low Emission Zones and Limited Traffic Zones regulation.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all CREDIT COOPERATIF news