Indigo Group, the world expert in parking and urban mobility solutions, has recently signed an agreement with Transdev Group to acquire its on-street parking activities in France, namely Transdev Park Voirie (TPV) and its 70% stake in CSV, held alongside the Egis group, both operated under the Moovia brand. The entire portfolio comprises 35 on-street contracts in France and generated nearly 21 million of euros of revenues in 2023.
These acquisitions are fully aligned with Indigo Group’s strategy to consolidate its activities across the entire value chain of on-street management, as a tool for organizing and regulating flows and sharing public space: enforcement, maintenance of parking meters, management of right holders and claims, mobile payment via its universal digital tool (in off-street and on-street) Indigo Neo, as well as the management of spaces for new urban regulations (Low Emission Zone – Limited Traffic Zone).
In particular, Indigo Group aims to position itself as a privileged partner of the City of Paris on mobility and regulation-related matters, notably through the CSV company, which operates parking control in 12 of the 20 Parisian districts.
The completion of the transaction is subject to customary conditions, including those related to the information and consultation processes of the Employee Representative Bodies and the authorization of client municipalities.
CASE Corporate Finance acted as sole financial M&A adviser to Indigo Group.
This transaction further illustrates CASE Corporate Finance expertise in the urban mobility and car park sectors having advised more than 10 M&A transactions in France and Europe in that field since inception.
