Full service parking management company APCOA Parking has officially rebranded and announced a change of business strategy.
Going forward the company will be known simply as APCOA and deliver services across four distinct business lines; parking, charging, technology and urban solutions.
Philippe Op de Beeck, CEO of APCOA, said: “The combination of our four business lines will ensure that we will maximise the use of our parking infrastructure and the urban space it occupies – in the interests of the owners of the respective parking spaces, the users of our services and urban society in general.”
According to APCOA, which won the ‘Smart Parking Award’ at this year’s CiTTi Awards, parking will continue to form the foundation of the business. The company currently manages more than 1.8 million individual parking spaces at 13,000 locations in 13 European countries.
APCOA has reportedly more than doubled its portfolio in the last 10 years and, by 2025, aims to exceed revenues to €1bn (£863m).
In terms of the ‘charging’ business line, APCOA will continue to invest in infrastructure for electric cars and operates them as chargepoint operator.
To date, the company has installed 4,000 charging points in Europe, including 3,000 since the beginning of 2023. APCOA, which also won the ‘EV Charging Award’ at this year’s CiTTi Awards, aims to operate a total of 100,000 charging points by 2035.
The charging points are installed by partners such as Tesla, BP, Ionity and Mer.
Meanwhile the ‘technology’ business line encompasses digital platforms for new products and interfaces for the integration of third-party companies and their services.
These include consumer apps APCOA Flow and APCOA Connect, which aim to simplify the parking process in car parks by automatically opening barriers at entrances and exits and facilitating digital payment.
Finally, the ‘urban solutions’ business line focuses on the transformation of car parks into so-called ‘urban hubs’. Such hubs are designed to open up car parks for multifunctional use.
For example, car parks can be used as urban fulfilment centres for city logistics, warehousing, and distribution services.
APCOA currently offers 30 such city logistics hubs and an additional 300 parcel collection locations – with a further 180 in the pipeline.
In addition, the urban hubs support car hire, car and ride sharing, micromobility and intermodal transport.
Achievements and innovations in smart parking and EV charging will be celebrated at the third annual CiTTi Awards, which will be held on 26 November 2024 at the De Vere Grand Connaught Rooms in London. Nominations officially open in March 2024. Visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector.