Q-Park expands in Belgium and France
Q-Park announced the acquisition of the French parking company Epolia SAS. Thanks to this acquisition, valued at about EUR 700 million, Q-Park is now the second-largest provider in France and Belgium.
The acquisition of Epolia fits in with Q-Parks ambition to become Europes most preferred and recommended quality parking partner, based on operational excellence, customer satisfaction and sustainable operating results. Ward Vleugels, Board Chairman of Q-Park: This transaction, which optimally serves our mutual interests, was irresistible to both companies.
François Rivière, Group Director: The acquisition of Epolia by Q-Park confirms the natural click between our respective visions on parking and ensures that we stand stronger together. The amalgamation of Q-Park, City Parking and Epolia garages in Belgium and France under the Q-Park banner will allow us to grow into the second-largest provider in both countries.
Epolia SAS is an international parking company with activities in France, Belgium and Italy. Earlier this year Q-Park already acquired the Epolia portfolio in Norway. The French companys current portfolio, including various parking facility commitments, comprises about 180 000 parking spaces in total, spread over some 90 towns and cities. The acquisition will increase the number of parking spaces operated by Q-Park to about 800 000, thus reinforcing Q-Parks market position among the top 3 parking companies of Europe.
The geographical distribution of Epolia SAS gives Q-Park, which was hitherto mainly represented in the north and south-east of France, a presence across the whole of France. In Belgium, too, the combination clearly creates a much denser network with opportunities for operational synergy. In addition, Q-Park expects the amalgamation of both office organisations to give the operating result a further impulse.
François Rivière, Group Director: The acquisition of Epolia by Q-Park confirms the natural click between our respective visions on parking and ensures that we stand stronger together. The amalgamation of Q-Park, City Parking and Epolia garages in Belgium and France under the Q-Park banner will allow us to grow into the second-largest provider in both countries.
Epolia SAS is an international parking company with activities in France, Belgium and Italy. Earlier this year Q-Park already acquired the Epolia portfolio in Norway. The French companys current portfolio, including various parking facility commitments, comprises about 180 000 parking spaces in total, spread over some 90 towns and cities. The acquisition will increase the number of parking spaces operated by Q-Park to about 800 000, thus reinforcing Q-Parks market position among the top 3 parking companies of Europe.
The geographical distribution of Epolia SAS gives Q-Park, which was hitherto mainly represented in the north and south-east of France, a presence across the whole of France. In Belgium, too, the combination clearly creates a much denser network with opportunities for operational synergy. In addition, Q-Park expects the amalgamation of both office organisations to give the operating result a further impulse.
About Epolia
Epolia SAS, which was called Fabricom until 2002, has a long history in France and operates in Belgium under the name City Parking. Alongside a good geographical distribution in Belgium and France, Epolia also operates extremely attractive and high-profile parking locations, both in ownership as well as under long-term concessions. In addition, Epolia has extensive knowledge on on-street parking. Epolia employs over five hundred people in total in Belgium and France.About Q-Park
Q-Park, which stands for Quality in parking, is dedicated to offering high-grade parking solutions. As the number three player in Europe, Q-Park engages in the ownership, operation and/or management of parking facilities.In recent years the operational interests have been rapidly expanded with strong market positions in the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway and Finland.
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