P1

In September 2019 Q-Park acquired 100% of the shares of P1, a family-owned parking company operating and managing parking facilities in the Netherlands.

This acquisition has added volume to the Q-Park portfolio and has strengthened our position in major cities in the Netherlands including Eindhoven, Utrecht, The Hague and Amsterdam.

At the time of the acquisition, Vladan Jankovic, Managing Director of P1 said he was pleased to have found a parking operator with a quality profile and similar vision.

Figure 3 P1 acquisition in the Netherlands

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Q-Park sees this as an opportunity to optimise service in the Dutch market and to engage with public and private stakeholders to build smart mobility solutions which will help keep Dutch cities accessible, liveable and economically viable.