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  INDIGO GROUP (ex GROUPE INFRA PARK) company press release from 04/06/2018

  04/06/2018 - 18:00

Infra Park (Indigo Group) reinforces its position in Belgium, while pursuing the refocus of its geographical footprint


Pursuant to the strategy announced in March 2018 consisting in taking part to the market consolidation in countries where the Group could obtain a leading or co-leading position, the Indigo Group has just entered into an agreement to acquire 100% of the share capital of Besix Park NV, a major player on the Belgian parking market, operating about 17% of the parking spaces nationwide, totaling more than €12m in revenues. The transaction, that should be finalized before summer 2018, enables the Group to become the number 1 player in terms of parking spaces operated on the Belgian parking market and to get closer to the number 2 player in terms of revenue.

Meanwhile, the Group pursues the geographical refocus of its portfolio. After selling its interests in Qatar in February 2018, then its car park in Russia in April 2018, the Group is considering a potential sale of its subsidiaries in the UK, Germany, Czech Republic and Slovakia. All these countries account for less than 6% of the 2017 EBITDA of the Group.

The Group confirms its positioning as a key partner of municipalities for parking and individual mobility solutions, as well as its solid and profitable growth strategy in countries where it holds a leading or co-leading position, in the long term and in line with its BBB rating, while pursuing its innovation and quality policy focused on its customers.

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Contact analysts/ investors: Press contact:
Erwan Bégos Claire Lise Beaurenault
Tel.: +33 1 49 03 15 80 Tel: +33 1 49 03 12 79
Cell: +33 6 25 71 28 76 Cell: + +33 7 50 68 30 64
ir@infraparkgroup.com claire-lise.beaurenault@infraparkgroup.com

 

About Infra Park

 

Infra Park, holding about 100% of Indigo Infra, OpnGo and Indigo Weel, is a key global player in car parking and urban mobility, that manages more than 2.3 million parking spaces and related services in 15 different countries. In 2017, Infra Park revenues and EBITDA amounted to €897.5 million and €310.0 million respectively (Global Proportionate figures).

Infra Park is indirectly held at 49.2% by investment funds managed by Ardian, 49.2% by Crédit Agricole Assurances, and the remainder by the employees and management of the Group.