Indigo’s Spanish Parking Acquisition Approved by CNMC: Strengthening Its Position in Europe

The National Markets and Competition Commission (CNMC) has approved the acquisition of Spanish parking company Park by French giant Indigo, the world leader in parking spaces. The transaction, which was estimated at close to 650 million euros when announced in July of last year, has been authorized by the CNMC Council with commitments in the first phase.

Indigo Group, backed by Credit Agricole Assurances, Vauban, and MEAG, announced an agreement last July to acquire 100% of Parkia Spanish Holding SLU and its subsidiaries with the support of Fire Infrastructure Partners. With the integration of the third and fourth operators in Spain in terms of ‘off-street’ parking spaces, Indigo aims to strengthen its leading position in Europe, particularly in key regions such as Spain and Andorra.

The combined entity will operate the car parks under the Indigo brand and become the second largest market player in the Iberian Peninsula in terms of Ebitda. This acquisition signifies significant growth for Indigo in Spain and Andorra.

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