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With this acquisition, Q-Park consolidates its position as a major player in parking and urban mobility in western Europe and in France specifically. Q-Park will benefit from SAGS's experience and complementary locations to roll out its sustainable mobility solutions and seamless parking services with even greater ambition inside French regions.

The acquisition of SAGS will help Q-Park France significantly increase its presence across the entire value chain of off- and on-street business activities. This comprehensive offering will provide a platform to respond even more effectively to tender calls from city councils.

The acquisition will also help strengthen regional presence in France, particularly in the Auvergne-Rhône-Alpes area thanks to the specific and unique operational capabilities of SAGS' alpine teams, and in Île-de-France (Paris region).

Key figures Q-Park France

• About 400 parking facilities in portfolio

• About 300,000 parking spaces of which 150,000 are on-street

• About 2,000 EV charging points to date and an additional 2,000 are planned for the next two years

• Operations in

  • Paris and La Défense

  • Major cities such as Marseille, Lyon, Toulouse, Bordeaux, Nice and Toulon

  • Regions such as Chambéry, Annemasse, Valence, Albi, Castres, Montauban and Macon

  • Alpine resorts such as Val d'Isère, Les Arcs and La Plagne

Q-Park reached agreement for the full purchase of SAGS and has conducted a thorough due diligence process which resulted in the deal completion on 9 December 2024.

Frank De Moor, CEO of Q-Park, said: "This major French acquisition is an important step in Q-Park's development in France and Europe. It will enable us to provide sustainable mobility solutions and seamless parking services to enhance urban liveability and connect communities”.

Michèle Salvadoretti, Managing Director of Q-Park France, said: "We are proud of this acquisition and very pleased to welcome the SAGS teams, a company that is recognised and appreciated in our business. The merger of our two structures is a unique opportunity to continue to make Q-Park in France a pioneering, innovative and benchmark player in the parking and urban mobility sector in France, and so provide our customers with an ever-better service".