Indigo Group has completed the acquisition of APCOA’s Belgian subsidiary, including the remaining 50 percent stake in ParcBrux BV (with the first 50 percent already being owned by INDIGO) and a 50 percent stake in Maatschap Parkeren Leuven.
Indigo first signed the agreement with APCOA in July; however, financial terms were not disclosed.
APCOA Belgium operates 36 contracts across four regions in Belgium (Antwerp, Flemish Brabant, Limburg and East Flanders) and generated more than €18 million ($20 million) of revenues in 2023.
APCOA Belgium car parks are mostly located in areas where Indigo is already present, facilitating the integration of APCOA Belgium’s operations within the Indigo organization. In Belgium, Indigo operates 240 contracts across 75 cities and generated more than €64 million ($71 million) of revenues in 2023. Indigo said this transaction allows the company to expa