INDIGO Group announces the completion of the acquisition of Transdev Group’s on-street parking activities in France, namely Transdev Park Voirie (TPV), as well as a 70% stake in CSV, held alongside the Egis group, both operated under the Moovia brand. The entire portfolio comprises 37 contracts in France and generated nearly 21 million of euros of revenues in 2023.
In France, INDIGO Group already operates 90 on-street contracts on behalf of 85 cities. The geographical complementarity of the contract’s portfolio, the addition of operational and commercial expertise, the shared culture of excellence, will create significant synergies, and the combined new structure will offer to the 264 new employees welcomed by INDIGO Group new career prospects and professional mobility.
These acquisitions are fully aligned with INDIGO Group’s strategy to consolidate its activities across the entire value chain of on-street management, flow regulations and sharing public space: enforcement, maintenance of parking meters, mobile payment via its universal digital tool (in off-street and on-street) Indigo Neo, management of right holders and claims, as well as the management of spaces for new urban regulations (Low Emission Zone – Limited Traffic Zone).
In particular, INDIGO Group positions itself as a privileged partner of the City of Paris on topics related to mobility and on-street regulation, notably through the CSV company, which operates parking control in 13 of the 20 Parisian districts. Now associated within this structure, INDIGO and Egis intend to expand their partnership, particularly to future projects for regulating flows and access to city centers in major European metropolises.
“With the acquisition of Transdev’s on-street parking activities, INDIGO reaches a key milestone in its ambition to become a major player in urban mobility in France. This operation will create a French champion in on-street parking management, and will consolidate our partnership with local authorities to support cities in their transformation. Thanks to our multiple areas of expertise (on-street activities, parking infrastructure management, digital solutions via Indigo Neo), we are acting as the preferred partner of local authorities in reconsidering the place of the car in the city and contributing to the regulation of LEZs/LTZs.” says Sébastien Fraisse, President of the Executive Board of INDIGO.