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Interparking Hispania, S.A. acquires COMSA Aparcamientos, S.L.

12/06/2017

INTERPARKING HISPANIA, S.A. ACQUIRES COMSA APARCAMIENTOS, S.L.

Interparking Group, one of the leading European car park operators, present in 9 countries and 360 cities, has recently acquired the Spanish car park company ‘COMSA Aparcamientos’. Seller is COMSA Concesiones.

COMSA is mainly active in Catalonia, Basque Country, Asturias and Galicia. The car parks are all located in capital cities, including two hospital car parks in Barcelona. The car parks consist of 8,115 parking spaces which accommodated 1,200,563 clients in 2016.

Ernesto Piera, CEO of Interparking Hispania:

“This acquisition, significantly consolidates Interparking Group’s position in the Spanish car park sector, the car parks being of a very high quality and characterised by very long-term contracts.

COMSA’s portfolio complements the current portfolio of Interparking Hispania, being also the entry point to on-street contracts. As a result of the acquisition, Interparking Hispania will be operating 65 car parks and one on-street contract in 31 cities totalling more than 30.000 parking spaces.”

Roland Cracco, CEO of Interparking:

“By this transaction Interparking confirms its strong interest and confidence in the Spanish car park market and by doing so will now operate more than 800 car parking facilities located in The Netherlands, Belgium, Germany, Austria, France, Spain, Italy, Romania and Poland.

Hereby Interparking also pursues its growth policy of only investing in high quality European cities and regions.”

The transaction has passed all authorities requirements, being strictly firm. Interparking has been assisted in the operation by Mazars (due diligence), by Prat & Roca (legal) and GPO (technical advisory).