Apcoa buys Irish car park king NCPS
Europe's largest car park operator, Apcoa, has acquired its main Irish competitor NCPS and doubled its business across the island of Ireland.
The Stuttgart, Germany-based Apcoa said the deal has received approval from the Competition and Consumer Protection Commission.
Apcoa and NCPS (Nationwide Controlled Parking Systems) declined to provide terms of the sale.
NCPS manages 1,100 car parks, with more than 100,000 spaces. Its acquisition means Apcoa now has 1,750 sites, with 200,000 spaces, across 32 countries.
Apcoa CEO Philippe Op De Beeck said the two companies "complement each other well" and are "bringing together the best knowledge, systems and operational experience".
Apcoa employs 5,000 in 13 European countries. In May, it bought Onepark to become the market leader in Denmark.