|APCOA Parking Holdings GmbH
|Seat||Leinfelden-Echterdingen , Germany|
|management||Philippe Op de Beeck, CEO
Steffen Baetjer, CFO
|Number of employees||5378|
|sales||EUR 653 million|
|As of December 31, 2017|
The APCOA is Europe's largest parking operator . The company operates parking lots , multi-storey car parks and park-and-ride facilities and offers services for municipalities. In Germany, this service is mainly carried out by the subsidiary Park & Control PAC GmbH.
Between 1994 and 2003 the company was listed as APCOA Holding AG on the Frankfurt Stock Exchange. The shares are now held by APCOA Parking Holdings GmbH , which is indirectly 100% owned by the private equity company Centerbridge Partners via Apcoa Group GmbH . In 2012, APCOA managed around 1.3 million parking spaces at 7,200 locations. The company operates in 13 European countries.
The APCOA Parking Holdings GmbH and its subsidiary APCOA Parking AG are pure holding companies. The German business is bundled in its subsidiary APCOA Parking Deutschland GmbH (until February 24, 2013: APCOA Autoparking GmbH ).
In 1947 APCOA was founded as A irport P arking C orporation Of A merica, Inc. in Cleveland , Ohio , USA . The company has an eventful history. In addition to expanding through the establishment of subsidiaries and takeovers in Europe, the company also changed hands several times.
In 1970 the German APCOA Autoparking GmbH ( Stuttgart ) and the Austrian APCOA Parking Austria ( Vienna ) were founded. Subsequently, subsidiaries were founded in Great Britain , Italy , the Netherlands , Poland , Norway , Sweden , Denmark, Croatia , Switzerland and Turkey .
In 2000, 98.5% of APCOA was taken over by Salamander AG , which at that time belonged to EnBW . On June 30, 2004, the now fully acquired company was sold to private equity investor Investcorp , who in 2007 sold it to the French private equity company Eurazeo .
In the same year, a few months after the sale to Eurazeo, APCOA took over all Central Parking System (CPS) European branches - with the exception of Greece . As a result, business activity almost doubled in Great Britain. With Ireland and Spain , two new countries were added and APCOA was now present in 15 European countries. The number of employees grew by 1,720 to 4,550. The number of parking facilities rose from 3,550 to 3,650, and the number of parking spaces from 760,000 to 860,000. In Germany, CPS was spun off into the newly founded APCOA Parking Service GmbH (APS). APS was integrated into the mother company on August 18, 2011 and thus ceased to exist.
In 2010 the subsidiary Park & Control was founded, which manages numerous supermarket parking spaces in Germany on behalf of retail chains and imposes a contractual penalty of 30 euros if the parking disc requirement is disregarded . Consumer advocates and the media have repeatedly criticized the fact that this obligation and the contractual penalty are not pointed out clearly enough, for example by sufficiently large signs at the driveways that can be read from the moving vehicle.
On December 22, 2014, the US investor Centerbridge and APCOA announced the acquisition of the company by Centerbridge. This is accompanied by a massive debt reduction of around EUR 440 million, which is also supported by a new bank consortium.
- Consolidated Financial Statements as of December 31, 2017 in the electronic Federal Gazette
- according to APCOA website ( Memento from November 21, 2008 in the Internet Archive )
- Press release APCOA takes over European branches from CPS ( Memento of September 12, 2011 in the Internet Archive )
- More tickets in front of supermarkets , in: Darmstädter Echo from March 30, 2017
- Report in Caution Consumer Trap (ARD) from December 18, 2017