INDIGO completes acquisition of APCOA’s Belgium parkings
The company currently operates 240 locations across the country and will add 36 more contracts across four regions.
INDIGO Group has completed the acquisition of APCOA’s Belgian subsidiary, APCOA Belgium NV, which operates 36 car park contracts across four regions.
The deal includes a 50% stake in ParcBrux BV, with the remaining 50% being already owned by INDIGO, and a 50% stake in Maatschap Parkeren Leuven. With locations in Antwerp, Flemish Brabant, Limburg and East Flanders, the company generated over €18 million in revenues during 2023.
The subsidiary’s locations are mostly established in areas where INDIGO Group is already present, facilitating the integration of its operations within INDIGO’s organization.
“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,” said Sébastien Fraisse, President of the INDIGO Group executive board.
In Belgium, INDIGO Group operates 240 contracts across 75 cities. This transaction allows the company to expand its contracts portfolio and to consolidate its position in the country.
