Deomenos / ICFG France successfully advised the Indigo Group on its purchase of the parking division of SPIE Batignolles Concessions
Indigo Group, a global player in parking and urban mobility, today announced the completion of the acquisition of the parking division of Spie batignolles concessions, operating under the Spie Autocité brand, following the lifting of conditions precedent.
This acquisition, which is highly complementary to the Group’s activities, will enable it to continue to develop its portfolio of long concessions and to increase its presence in France by integrating car parks benefiting from quality geographical locations, particularly in Paris and the inner suburbs (La Garenne Colombes, Montrouge, Conflans-Sainte-Honorine, Achères), as well as in Lille and Lyon.
At the end of December 2018, Spie batignolles concessions’ parking division generated revenues of around €33 million.
Indigo thus confirms its positioning as the preferred partner of cities for parking and individual mobility solutions, as well as its strategy of strong and profitable growth in the countries in which it holds a leading position, over the long term and in compliance with its BBB financial rating by Standard & Poor’s, while continuing its policy of innovation and quality focused on its customers.
Deomenos advised the management of Indigo Group in the completion of this transaction