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Indigo Group enters the Chinese parking market

27 March 2019
Yan Liang, chief executive and president of Sunsea and Serge Clemente, chief executive of Indigo Group
Yan Liang, chief executive and president of Sunsea and Serge Clemente, chief executive of Indigo Group

 

French-based parking and mobility services company Indigo Group has launched a joint venture in China. The move comes as part of Indigo’s long-term 2025 strategic plan to expand its operations in Asia.

The deal with Chinese operator Sunsea Parking was signed on 25 March at the Hotel de Marigny in Paris. Sunsea and Indigo will make an initial investment of nearly €30m which, together with debt and further capital from local investors, will enable the joint venture to invest in...

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