Press Releases

APCOA PARKING Enters Strategic Partnership with Indian Startup GET MY PARKING to Enhance Smart Parking Portfolio

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APCOA PARKING, Europe’s leading parking operator, has entered into a strategic partnership with GET MY PARKING (GMP), India’s principal smart parking startup, to customize and deploy an open IoT platform that provides a seamless mobility experience across all parking touchpoints.

Collaboration leads to digital customer solutions for connecting parking with consumer mobility

Technology to integrate parking equipment with cloud based IoT to bring all APCOA parking lots across 13 countries onto a standard, interoperable platform

Open platform will enable new partnerships and business models across smart city and connected mobility ecosystem

Recently launched APCOA FLOW app in Germany is the first of the many outputs to be powered by this platform

 

Stuttgart/Delhi, 30 May 2018 - APCOA PARKING, Europe’s leading parking operator, has entered into a strategic partnership with GET MY PARKING (GMP), India’s principal smart parking startup, to customize and deploy an open IoT platform that provides a seamless mobility experience across all parking touchpoints. This digital platform will be scaled to all 13 countries in which APCOA operates more than 1.4 million car spaces at over 9000 locations. It is an interoperable platform, integrating varied parking equipment and connecting parking spaces to cars to create an overall mobility experience. This enables APCOA to provide the latest consumer solutions such as their recently launched mobile app APCOA FLOW (www.apcoa.de/flow), which includes ticketless automated access and cashless exit and will soon be enhanced by pre-booking options and on-street parking payment functions.

“This strategic partnership enables us to develop our digital platform and new products very quickly and cost-effectively. We are therefore in a position to offer our customers additional value: The GMP technology works with existing barrier technologies in older car parks, eliminating the need to purchase a new parking system. And the digital platform’s enhanced compatibility means that we can launch many new services and partnerships in the near future,” said Philippe Op de Beeck, CEO of APCOA PARKING Group.

“We are very excited about this collaboration, as it gives us a huge start in growing our international footprint. APCOA is the undisputed European market leader and we could not have asked for a better partner to enter the western parking market,” said Chirag Jain, CEO GET MY PARKING. Co-founder CMO Rasik Pansare added, “APCOA's scale and size is the dream opportunity for testing our technology expertise. It is an ambitious project and our team is ready for the responsibility to assist millions of European motorists.”

This partnership is a marriage of operations and technology expertise, with APCOA’s experience and scale complimenting GMP’s innovation and agility. With such synergies, both expect to grow markedly in their own domains. GMP envisages learning a great deal from the advanced parking market of Europe and implementing that in the early-stage parking industry of India, thereby accelerating the smart parking ecosystem of India. Based on the new technology, APCOA will offer more customer-focused services while at the same time contributing to the smart city ecosystem with innovative solutions to help meet the many challenges facing modern cities.

The proprietary open platform is modular and future-proof, meaning it can be used in various capacities as per requirements and new capabilities can be integrated without affecting existing services. Offers from providers of other services like car sharing services, car rental companies, e-charging stations or parcel delivery services can be easily integrated into the platform, making the parking experience even more convenient. The first platform driven cooperation was entered into with Sunhill Technologies GmbH, a subsidiary of Volkswagen Financial Services AG (VWFS): Together with APCOA, they now offer customers of all VW Group brands contactless entry and exit, as well as automated billing of parking processes in the background. 

Contact: APCOA PARKING Holdings GmbH, Sebastian Merkle, Flughafenstr. 34, 70624 Stuttgart-Airport, T: +49 711-94791-0

About APCOA PARKING Group

APCOA PARKING Group is Europe’s leading parking management company with more than 45 years of industry expertise. APCOA Group’s 5,000 employees manage approximately 1.4 million individual parking spaces at over 9,000 locations in 13 European countries. These include parking spaces at 1,800 city and shopping centre locations, 400 hotels, 150 hospitals and 58 European airports. With its consistent “asset light” business model, APCOA is a trusted partner for private and public real estate owners. 

APCOA’s advanced IT platform is the interface between its car parks, business customers, partners, car drivers and their vehicles. Thus, APCOA is able to offer its business and end customers innovative services and products to improve the efficiency and comfort of their mobility experience. In addition to the company’s customers, these innovative services also create environmental benefits: APCOA actively contributes to reducing CO2 emissions in cities and at traffic intersections by reducing the volume of traffic searching for parking spaces with the aid of digital services and the company’s intelligent traffic management system.

www.apcoa.com

apcoa.de/flow

About GET MY PARKING

GET MY PARKING (GMP) is a smart parking platform startup, founded in July 2015 by Chirag Jain and Rasik Pansare with the aim to digitize the fragmented parking industry. Since then their team has grown to 70 members with offices in Delhi, Bangalore, and Germany. GMP has digitized more than 300 parking locations that process 2 Million parking transactions monthly. After dominating the Indian parking tech industry as the market leaders, GMP has now begun a global expansion with 3 overseas projects. They were recently awarded the Amazon AWS Mobility Awards 2017 as the 'Travel App of the Year' (emerging).

 

 

 

 

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APCOA PARKING revolutionises parking across Germany

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Innovative digital platform APCOA FLOW sets new benchmarks for European parking industry.

Innovative digital platform APCOA FLOW sets new benchmarks for European parking industry.

  • New app makes parking quicker, easier and more convenient: No tickets. No cash. No stress.
  • Available at 200 selected car parks with more than 100,000 parking spaces across Germany at launch
  • Additional functions such as reservation and booking of parking spaces, as well as payment for on-street parking in the pipeline
  • APCOA plans roll-out in 12 further European markets
  • Open, central and scalable platform for all of Europe enables new partnerships and business models in the smart city ecosystem
  • RFID chip connects cars and car parks to create the most comprehensive, truly connected car offering in Germany

Stuttgart, 3 May 2018 – APCOA PARKING, Europe’s leading parking facility manager, has successfully launched its new app, APCOA FLOW (apcoa.de/flow), which is based on the company’s proprietary digital platform for all European markets. At launch, customers can seamlessly enter, leave and make cashless payments without the need for tickets at 200 selected APCOA car parks with more than 100,000 parking spaces across Germany. The app also serves as a navigation system, identifying and guiding the driver to the most convenient car park for their final destination. Thanks to RFID technology, the car park recognizes the vehicle and opens the barriers automatically. This means that parking tickets, the hunt for spare change and the need to queue at a pay station are all a thing of the past.

“APCOA FLOW opens up an entirely new digital parking experience which is unique in this form: The combination of new services and a large number of car parks across the whole of Germany, combined with the open, central and scalable digital platform behind it, make APCOA FLOW the most comprehensive connected car offering in the parking sector. We are setting completely new standards for the entire industry,” said Philippe Op de Beeck, CEO of APCOA PARKING Group. The company is now planning to equip all of APCOA’s 300 or so car parks in Germany with APCOA FLOW, thereby making more than 230,000 parking spaces more easily accessible to customers throughout the country.

Parking becomes a seamless extension of individual mobility

“We are very proud to have created APCOA FLOW, a system that is, at launch, already the most comprehensive smart parking solution for car parks in Germany. With the app and platform, we are revolutionising our customers’ parking experience. Thanks to APCOA FLOW, parking becomes a seamless extension of the mobility experience for the very first time. With APCOA FLOW, we are offering our users more comfort, a greater sense of security and, ultimately, freedom and time for the more important things in life,” explained Detlef Wilmer, Managing Director of APCOA PARKING Deutschland GmbH.

Customers can download the APCOA FLOW app from both the Google PlayStore and App Store, register their account and order their personal APCOA FLOW RFID chip for their windscreen. It is this RFID technology that automatically opens a car park’s barriers as the car approaches. Every single parking process is precisely recorded by the system and charged to the registered credit card. Customers can view their accounts at any time, thanks to the system’s completely transparent overview of all parking processes.

The user begins by entering their destination, at which point the app quickly and intuitively displays the nearest APCOA FLOW car parks. Once the user has selected the most convenient car park, the app navigates them directly to their destination. APCOA FLOW makes it easy to park anywhere, even in a city the driver has little or no knowledge of. The app displays prices, opening hours and capacity of parking spaces in each car park, along with other useful information, such as accessibility, access heights and the availability of EV charging stations.

Wilmer sums up the app’s advantages: “APCOA FLOW makes parking quicker and more convenient: Simply park. No ticket. No cash. No stress.”

New partnerships, further functions and pan-European launch

Equipped with an API interface, the digital platform’s enhanced compatibility means that a large number of new services and partnerships can be launched in the near future. The first comprehensive cooperation agreement was concluded with sunhill technologies GmbH, a subsidiary of Volkswagen Financial Services AG (VWFS). As a result of this partnership, VW Group customers can now enjoy contactless entry and exit and automated payment processing.

“VW is the first automobile manufacturer to join APCOA on our strategic journey to the future of parking. Thanks to our RFID chips, customers' vehicles are networked with our car parks, which makes FLOW the most widely available, truly connected car service on the market,” added Op de Beeck.

APCOA is currently in talks with car sharing service providers, car rental companies and electric vehicle charging station operators. Parcel delivery services can also be easily integrated into the app, making the parking experience even more convenient. For owners who operate their own car parks and do not want to bear the significant investment costs of developing such a system themselves, APCOA’s innovative platform offers a future-proof digital solution.

Latest NewsAt the same time, the company is working on expanding its own service portfolio. “And the range of functions offered by APCOA FLOW at launch is just the beginning – we have designed the system so that additional services can be easily added and flexibly integrated. This will allow us to continually expand the range of services we offer our customers, thereby ensuring that we are ideally equipped for the future,” says Philippe Op de Beeck, CEO of APCOA PARKING Group. Specifically, the reservation and advance booking of parking spaces, as well as the integration of barrier-free parking areas and street parking spaces are in progress.

Following the successful market launch in Germany, the system will soon be rolled out in other European countries, starting with Italy, then Sweden, Austria and Norway. By 2019, customers in each of APCOA’S 13 European markets should be able to use the new service.

Disruption in the parking industry: seizing the opportunity of digitalisation

“APCOA FLOW is our answer to key societal trends, such as urbanisation and digitalisation, and to the emergence of entirely new mobility concepts that are changing the economic fundamentals of the parking industry. The specially developed platform and app are the fruits of intensive collaboration with our German suppliers and an Indian start-up company. In conjunction with the open, centralised and scalable platform, the app is an important step in transforming APCOA PARKING into an even more customer-oriented company. Our goal is to help shape the future of individual mobility,” explained Op de Beeck.

The aim of the new system is to offer customer-focused services while at the same time contributing to the smart city ecosystem with innovative solutions to help meet the many challenges facing modern cities: from cutting CO2 emissions by significantly reducing the volume of vehicles searching for parking spaces, to controlling traffic flows and seamlessly integrating different forms of mobility using intelligent digital solutions such as APCOA FLOW.

For more information on APCOA FLOW, visit the website: apcoa.de/flow

 

Contact:

APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-100

 

About APCOA PARKING Group

APCOA PARKING Group is Europe’s leading parking management company with more than 45 years of industry expertise. APCOA Group’s 5,000 employees manage approximately 1.4 million individual parking spaces at over 9,000 locations in 13 European countries. These include parking spaces at 1,800 city and shopping centre locations, 400 hotels, 150 hospitals and 58 European airports. With its consistent “asset light” business model, APCOA is a trusted partner for private and public real estate owners.

APCOA’s advanced IT platform is the interface between its car parks, business customers, partners, car drivers and their vehicles. Thus, APCOA is able to offer its business and end customers innovative services and products to improve the efficiency and comfort of their mobility experience. In addition to the company’s customers, these innovative services also create environmental benefits: APCOA actively contributes to reducing CO2 emissions in cities and at traffic intersections by reducing the volume of traffic searching for parking spaces with the aid of digital services and the company’s intelligent traffic management system.

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Big Data heralds parking convenience at the touch of a button: Experts' dialogue at the Mobility Summit in Berlin

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Berlin, June 28, 2016 – A quick glance at your smartphone or in-car navigation system and you know just where to find the nearest on- and off-street parking spaces. A simple tap on the screen and your nearby space is reserved.

Berlin, June 28, 2016 A quick glance at your smartphone or in-car navigation system and you know just where to find the nearest on- and off-street parking spaces. A simple tap on the screen and your nearby space is reserved. Electric car drivers, who now make up a large proportion of traffic, are allocated a space with a charging station. What might sound like a distant, science fiction vision will actually be commonplace in the next couple of years. In contrast, car drivers will be waiting up to ten years for fully-automated parking. These were among the expert predictions made by leading figures from the automotive and parking management industries at the 3rd APCOA PARKING Mobility Summit, in Berlin on 28 June, 2016. Gathering under the banner “Disrupt or be disrupted”, international business representatives joined with eminent scientists and academics to discuss the challenges of mobility in response to the digitalisation of the automotive and parking management sectors.

One thing is certain: Parking facilities will change fundamentally in the very near future. Digitalisation is going to have a significant impact on both the automotive and parking management industries,” said Philippe Op de Beeck, CEO of the APCOA PARKING Group, Europe's leading parking manager.

Big Data is set to play an increasingly central role in these developments. Alex Israel, from Inrix Inc., presented a technical system that uses Big Data to generate forecasts of parking facility occupancy patterns. This will dramatically reduce the number of drivers circling the streets looking for parking spaces, traffic that currently makes up around 30% of all cars on the road in urban centres.

Dr. Rolf Nicodemus, Project Vice President, Connected Parking at the Robert Bosch GmbH, explored the concept of automated parking. Driverless parking is already possible in facilities with network connectivity, allowing space in car parks to be used 20% more efficiently.

More power for end-users
More and more cities are imposing limits on the number of cars allowed to enter their central districts as they look to reduce emissions, traffic volumes and noise levels. The proportion of paid parking spaces will increase as free parking facilities are reduced. At the same time, demand for parking assistance systems, automated car parks and intelligent driver assistance systems will grow in response, explained the futurologist Alexander Mankowsky.

”It is already the case that nine out of ten drivers plan extra time into their journeys for finding a parking space at their destination. This costs them between 10 and 30 minutes per car journey, depending on which city or neighbourhood they are in. All in all, this adds up to significant number of wasted days per year, just spent on finding parking spaces,” explained Dr. Dietmar Geppert, Director Marketing & Sales at APCOA PARKING Holdings GmbH.

As a result, Geppert believes that drivers are now prepared to pay more for centrally located parking spaces. “As more and more parking spaces are networked, drivers will be able to use apps to select the parking spaces they want. This will give more power to consumers and allow an increased number of ancillary services to be provided in future,” continued Geppert.

The evolving car park
What this range of ancillary services might look like in future was the subject of Op de Beeck's address: “Just a few years from now, the world will be very different. It will be hybrid and electric cars that fill our streets.” Today, one quarter of the new cars sold in Norway are electric vehicles. And a ban on the registration of new combustion engine cars from the year 2025 is being seriously considered in the Netherlands and Norway. “Car parks will become interesting sites for charging stations,” observed Op de Beeck.

”Urbanisation and digitalisation are the two mega trends of our age. Although they present challenges, they also offer great possibilities for connected mobility. We have an amazing opportunity to elevate customer service and customer relations to an entirely new level,” said Op de Beeck.

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INRIX and APCOA partner to provide the most comprehensive parking data in europe

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Landmark deal means INRIX and APCOA customers will benefit from the most comprehensive static and dynamic parking data in Europe

Kirkland, WA / Stuttgart, Germany – July 6, 2017 – INRIX, Inc., the world leader in connected car services and movement analytics, and APCOA PARKING Group, the largest European parking operator, today announced a major new partnership to exchange parking information.

This new deal strengthens INRIX’s parking offering and means its customers, who already benefit from the world’s largest parking database, will also have access to APCOA’s comprehensive parking data for Europe.

The deal with APCOA is the only one of its kind in Europe and will provide INRIX with access to information from 1.4 million parking spaces at over 9,000 locations in 13 countries. This will feed into the INRIX Off-Street Parking service, enhancing this offering beyond any competing service to give European drivers the best possible parking experience. Existing INRIX customers will have their data updated with the additional information, and new customers will have the enhanced data available from launch, enabling all partners with the ability tackle one of the biggest problems in mobility.

“Parking remains a key issue for drivers and cities across the globe and is a major cause of traffic congestion. We have seen lots of innovation in navigation but finding parking at your destination is a problem that still needs solving,” said Alex Israel, General Manager and Vice President, Parking, INRIX. “This deal is a first in Europe and access to APCOA’s parking information enables INRIX to provide automakers with the most comprehensive solution available, helping to address the growing challenge of parking in cities by allowing drivers to navigate to available spaces quickly and conveniently.

” Through the seamless integration of data from the INRIX Parking database of 100,000 locations across 8,700 cities in more than 100 countries, drivers in Europe who rely on APCOA’s services and applications will benefit from enhanced parking information and an increased level of convenience. As a result, APCOA intends to improve the quality of its consumer relationships substantially.

“This deal marks a turning point in the parking, automotive and mobility industries,” said Philippe Op de Beeck, CEO, APCOA Parking Group. “We have joined forces with INRIX to enhance our digital services and improve the search for parking, which ultimately helps cities, the environment and of course drivers. Big data is set to have an increasing impact on the automotive and parking management industries, and this partnership will enable us to make parking more user-friendly and accessible for our customers.

” This announcement builds on momentum for INRIX in the parking space such as the launch of INRIX Off-Street Parking in the Mercedes-Benz E-Class. Mercedes-Benz joins a growing list of automaker customers who benefit from INRIX Parking services, including BMW, Lexus, and Toyota. INRIX launched the industry’s first dynamic off-street parking service in 2013, followed by the first integrated on-street parking solution in June 2015. In August 2015, INRIX acquired ParkMe, a leader in parking location, availability and reservations worldwide. The company was recognized by leading automotive research firm SBD for its comprehensive and accurate parking data in the U.S. and Europe. 

About APCOA PARKING Group

APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 45 years of experience and expertise in 13 European countries and an extensive portfolio of clients. Amongst them, more than 30 European airports have entrusted APCOA with the management of their parking facilities. The Group manages about 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative mobility services to customers and property owners at over 9,000 locations. The company's 4,600 employees contribute their know-how and local expertise to deliver excellent services to customers and business clients. The Group's headquarters and German office are located in Stuttgart, Germany. www.apcoa.com.

About INRIX

INRIX is the global leader in connected car services and transportation analytics. Leveraging big data and the cloud, INRIX delivers comprehensive services and solutions to help move people, cities and businesses forward. Our partners are automakers, governments, mobile operators, developers, advertisers, as well as enterprises large and small.

INRIX Parking

INRIX Parking provides the world’s largest parking database with more than 35 million spaces in 100,000 locations spanning 8,700 cities in more than 100 countries. Addressing a key customer need, dynamic occupancy information is also available for nearly 20,000 lots spanning more than 2,000 cities in 67 countries. Additionally, the patented INRIX On-Street Parking service leverages machine learning to deliver ground-truth tested dynamic occupancy predictions in nearly 40 cities globally, covering more than 200,000 individual street segments. INRIX is the preferred provider of parking information and services to leading automakers and app providers such as BMW, Lexus, Mercedes-Benz, Toyota, Microsoft Bing and Waze, as well as transportation agencies and drivers around the world.  

Media Contact

APCOA Parking Group 
Sebastian Merkle
+49 711-94791-0 
Sebastian.Merkle@apcoa.eu

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APCOA PARKING Group announces successful refinancing of its debt facilities

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Stuttgart, 20. March 2017 – APCOA PARKING Group (“APCOA”), a leading full-service parking management company in Europe, announces the successful completion of the refinancing of its existing debt facilities.

  • APCOA places EUR 435m of TLB, revolving and guarantee facilities in the European debt markets
  • Initial issuer and instrument ratings of B+/B1

Stuttgart, 20. March 2017 – APCOA PARKING Group (“APCOA”), a leading full-service parking management company in Europe, announces the successful completion of the refinancing of its existing debt facilities.

A total of EUR 435 million of facilities were successfully placed with a selected number of institutional investors and banks and significantly oversubscribed in syndication. APCOA and the facilities have been rated B+ by Standard & Poor’s and B1 by Moody's Investors Service.

Steffen Baetjer, CFO of APCOA, said: “We are very satisfied with the strong investor and rating agency support. Our diversified and resilient business model, as well as the long-term nature of our contracts and client relationships translate into a favourable credit profile. I am glad that we were able to successfully execute this refinancing and secure a long-term financing package on attractive terms.”

Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc (trading as NatWest Markets) acted as Mandated Lead Arrangers and Joint Bookrunners on behalf of APCOA. Barclays acted as rating advisor and will be the agent and security agent on the new facilities.

 
Contact: 
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-100

About APCOA PARKING
APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 45 years of experience and expertise in 13 European countries and an extensive portfolio of clients. More than 30 European airports have entrusted APCOA with the management of their parking facilities.

APCOA Parking Group manages more than 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative parking services to customers and property owners at over 9,000 locations. The company's 4,600 employees contribute international know-how and local expertise, and deliver new business and customized technical solutions. The Group's headquarters and German office are located in Stuttgart, Germany.

www.apcoa.com

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APCOA donates € 10,000 to action medeor e.V. for medical aid in Northern Iraq

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Stuttgart, 15 December 2016 – This Christmas, APCOA PARKING Group is donating a total of 10,000 euros to the German medical aid organisation action medeor e.V., the largest medical aid organisation in Europe. The organisation operates as the world’s emergency medical supplier and has been working with local partners in 140 countries to provide healthcare and medical aid for more than 50 years.

Stuttgart, 15 December 2016 – This Christmas, APCOA PARKING Group is donating a total of 10,000 euros to the German medical aid organisation action medeor e.V., the largest medical aid organisation in Europe. The organisation operates as the world’s emergency medical supplier and has been working with local partners in 140 countries to provide healthcare and medical aid for more than 50 years.

APCOA’s donation specifically supports medical aid deliveries to Northern Iraq. The Debaga Camp for refugees within Iraq was opened in 2015, and currently accommodates in excess of 30,000 people. The camp’s mobile clinic represents the only access the region’s refugees have to proper healthcare. With its donation, APCOA is supporting action medeor in the provision of urgently needed medicines, such as painkillers and antibiotics, which will enable the treatment of chronic conditions and guarantee the provision of medical aid to women during pregnancy.

“APCOA is committed to fulfilling its corporate social responsibilities. With our donation we want to play our part in guaranteeing the provision of basic medical aid to refugees in the region,” said Philippe Op de Beeck, CEO of APCOA PARKING Group. The donation made by APCOA will secure the provision of medical aid to at least 5,000 refugees for three months.

Contact: 
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING
APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 45 years of experience and expertise in 12 European countries and an extensive portfolio of clients. More than 30 European airports have entrusted APCOA with the management of their parking facilities.

APCOA Parking Group manages more than 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative parking services to customers and property owners at over 8,700 locations. The company's 4,900 employees contribute international know-how and local expertise, and deliver new business and customised technical solutions. The group's headquarters and German office are in Stuttgart, Germany.

www.apcoa.com

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New management team to lead APCOA into next growth era

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Stuttgart, 1 March 2016 – APCOA PARKING Group, Europe’s leading parking services provider, has appointed Philippe Op de Beeck (54) as its new Chief Executive Officer. Furthermore, Steffen Bätjer (46) joins the company as CFO as of 1 March 2016.

  • Philippe Op de Beeck joins as Chief Executive Officer on April 4
  • Steffen Bätjer joins as Chief Financial Officer on March 1
  • Ex-CEO Ralf Bender to support APCOA as Senior Advisor

Stuttgart, 1 March 2016 – APCOA PARKING Group, Europe’s leading parking services provider, has appointed Philippe Op de Beeck (54) as its new Chief Executive Officer. Furthermore, Steffen Bätjer (46) joins the company as CFO as of 1 March 2016.

Mr. Op de Beeck joins APCOA on April 4 and brings 25 years of experience in a range of pan-European and global companies. He joins from international catering company Compass Group, where the last three years he was Group Managing Director for Asia Pacific after two years in a similar role in Europe. Prior to this he was EMEA President at Gategroup, an airline services company, and Senior Vice President at automation manufacturer Swisslog. He has also held senior roles at Renault Credit International, Axus International, Hertz Rent a Car and Unilever. He has considerable experience in leading service business organisations, and a strong track record in driving profitable growth in contracting businesses, enhancing the full potential of the service offering for customers.

Mr. Bätjer joins APCOA from Techem, having spent over six years as CFO at the energy management solutions provider. Before his time at Techem, he held senior finance positions at WestLB and Universal Music, and started his career at management consultants McKinsey&Co. His experience in contract businesses, complemented by a strong commercial, strategic and analytical skill set is perfectly suited to help APCOA deliver its strategic growth plan.

Nick Buckles, Chairman of the advisory board of APCOA, commented: “We are delighted to welcome Philippe Op de Beeck and Steffen Bätjer to APCOA. Philippe has the proven capabilities required to drive exceptional business performance by creating strategic clarity, driving commercialisation and customer focus, while ensuring disciplined execution. Steffen brings a strong track record of delivering operational excellence and business transformations in contract businesses. We believe that their combined experience from leading service and contract business organisations will ensure that APCOA continues to be the European industry leader and deliver on our strategic targets.”

Philippe Op de Beeck said: “I am delighted to join APCOA as CEO and contribute my experience to grow and strengthen the company further. The business is well-positioned to capture new opportunities and I am confident that we have the team and resources to gain a greater foothold in our core European markets. I look forward to working with the APCOA team as we take the company to the next stage of development.”

Mr. Buckles added: “We thank outgoing CEO Ralf Bender and CFO Nicolas Reinhart for their important roles and their contributions to maintaining the stable platform and strong performance that APCOA has seen during the last year. We are grateful that Ralf will remain involved as a Senior Advisor to APCOA and that the company will continue to benefit from his experience. Nicolas will remain with the company until the end of March, ensuring a smooth handover to the new management team.”

Ralf Bender said: “After the successful recapitalization of APCOA in 2014 and the completion of the operational turnaround last year, I hand over a solid platform ready for further growth to Philippe Op de Beeck. Having navigated the company for the past five and a half years, I am now ready to approach new entrepreneurial challenges. At the same time, I am pleased to continue to support APCOA as a Senior Advisor going forward.”

Since its restructuring in 2014, APCOA has seen solid performance in revenues, profitability and cash flow. In 2015, EBITDA grew by about 7% to approx. EUR 59 million while EBIT rose by 20% to more than EUR 35 million. At the end of 2015, the company had a very healthy cash balance of more than EUR 50 million.


Contact:
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
D-70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING Group
The APCOA PARKING Group is Europe's leading parking facility operator. During over 40 years in the business, the Group has gathered know-how in 12 European countries and a wide-spread client portfolio. More than 30 European airports have contracted APCOA to manage their parking facilities. The APCOA PARKING Group manages over 1.4 million parking spots.

APCOA's international background lets customers and property owners benefit from trend-setting and innovative parking services at more than 8,700 locations. Based on international know-how, local expertise, and long-term experience, APCOA’s 4,900 staff deliver bespoke technical solutions to meet specific contract requirements. The Group headquarters and the German branch office are located at Stuttgart Airport.

www.apcoa.com

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Press Contact

APCOA PARKING Deutschland GmbH
Luftfrachtzentrum, Gebäude 605/6
70629 Stuttgart

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