Date: 06 Sep 2010
VINCI Park acquires Meteor from Go Ahead Group
VINCI Park has acquired Meteor Parking from the Go-Ahead Group, in a move which will double the specialist parking operator’s size in the UK.
The deal for 100% of Meteor’s shares will see VINCI Park take control of an additional 40,000 car parking spaces across the UK.
Meteor’s portfolio of contracts will complement VINCI Park’s already extensive list of clients and add to a portfolio which also includes hospital trusts, PFI consortia, property companies and local authorities.
The acquisition will also see VINCI Park make its first moves in to valet parking in the UK through the Meteor ‘Meet and Greet’ service.
Supported by the VINCI Group, one of VINCI Park UK CEO Mark Evans’ strategies is to buy businesses which expand its geographical and product reach.
The Meteor deal comes just over a year after the company acquired Karspace Management; which strengthens its position in the hospital and local authority sectors.
VINCI Park UK CEO Mark Evans says: “This deal shows how serious we are about expanding both the range and scope of our UK business. Meteor’s award winning approach fits perfectly with VINCI Park Services’ culture of putting clients and customers first.”
Fore more information on VINCI Park please visit www.vincipark.co.uk
