INDIGO Group, a global player in parking and urban mobility solutions, announces that it has signed an agreement to acquire the 44.39% stake held by Patria Infrastructure Fund III in INDIGO Brazil, thereby becoming the sole shareholder of the company.
This transaction reaffirms INDIGO Group’s long-term commitment to the Brazilian market, where it has been operating for more than 15 years through INDIGO Brazil, one of the country’s leading parking operators with a portfolio of over 320 sites across 24 states and 100 cities, including São Paulo, Porto Alegre, Rio de Janeiro, Curitiba, and Salvador.
Since its first acquisition in 2013, INDIGO Brazil has developed a diversified portfolio combining on-street and off-street operations, and is active across all segments including shopping malls, airports, parks and entertainment infrastructure, universities and events centers.
In 2022, INDIGO Brazil merged with PareBem, a company fully owned by Infrastructure Fund III, an investment fund managed by Patria Investimentos, marking a key milestone in the consolidation of the sector and creating one of Brazil’s largest parking operators.
In 2024, INDIGO Brazil launched INDIGO Neo, the Group’s digital mobility platform, introducing a seamless and fully digital experience to its customers. Through INDIGO Neo, users can find, reserve, and pay for parking directly from their smartphones, further enhancing convenience and operational efficiency across the network.
Following this transaction, INDIGO Group will consolidate its control of INDIGO Brazil and continue to invest in its operational and digital transformation. The objective is to accelerate growth in strategic markets and consolidate its position as a reference in sustainable and innovative urban mobility solutions in Brazil.
Final closing of the acquisition remains subject to the approval of the Brazilian competition authority and the customary condition precedents for this type of transaction.
Press release
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