CASE CASSIOPEA acted as sole M&A adviser to INDIGO Group for the acquisition of all the capital of Smovengo and the business assets to supply Smovengo with Vélib’ self-service bikes

INDIGO Infra, a 100% subsidiary of INDIGO Group, world expert in parking solutions and urban mobility, which held 40% of Smovengo's share capital, has completed the acquisition of all the remaining shares and shareholders’ loans in Smovengo as well as the acquisition of the business assets related to the solutions and equipment necessary to the Vélib’ self-service bikes.

This combined operation enables INDIGO Infra to hold 100% of Smovengo's capital and to strengthen Smovengo's control over its entire value chain.

Since 2018, Smovengo operates the Vélib’ self-service bikes on behalf of the Syndicat Autolib' & Vélib' Métropole, covering the City of Paris and 65 municipalities of the Greater Paris Metropolitan Area, until 2032. With 20,000 bikes, almost 48 million journeys and more than 150 million kilometres travelled in 2023, Smovengo is operating the world's largest docked bicycle sharing contract and a key player in low-carbon mobility.

CASE CASSIOPEA acted as sole financial M&A adviser to INDIGO Group for the third time in 2024, after advising on the acquisitions of 100% of Transdev Park Voirie and 100% of Apcoa Belgium.

This transaction further illustrates CASE CASSIOPEA's expertise in the urban mobility and car park sectors, having advised close to 20 M&A transactions in France and Europe in that field since inception.