APG en AG Insurance have reached an agreement with CriteriaCaixa to integrate Saba Infraestructuras into Interparking. Saba is a Spanish based player in the public car park sector, with a presence in 9 countries.
As part of the transaction, APG and AG have agreed to invest additional capital in the combined entity to support future growth. The parties involved expect to create a more robust and integrated platform that will be able to offer state-of-the-art as well as more durable urban mobility solutions. “We see the combination of Interparking and Saba as key to future-proofing our assets by investing in innovative technologies that will shape the future of urban mobility, ensuring that our portfolio continues to evolve with the changing needs of cities and communities. As we grow this business, we remain focused on ensuring our assets contribute both to financial success and to creating a better world for future generations”, says Arjan Reinders, Head of Infrastructure Europe at APG.
800,000 parking spaces
The three partners will all become shareholders in Interparking Group, which will remain headquartered in Brussels. After the integration, the Interparking Group will operate more than 2,000 car parks, totalling nearly 800,000 parking spaces in 16 European countries, as well as nearly 8,000 electric charging points. The new group will retain Interparking and Saba as strong local commercial brands.