INDIGO Infra has acquired Smovengo, enhancing its portfolio within the mobility sector by expanding into bike-sharing services.

Information on the Target

INDIGO Infra has finalized the acquisition of all shares and shareholder loans of Smovengo, alongside the acquisition of the business assets necessary for the operation of Smovengo. This transaction reflects INDIGO's commitment to expand its portfolio in the mobility services sector, further consolidating its position in the industry.

Smovengo operates in the bike-sharing space, providing a sustainable and convenient transportation option for urban environments. This acquisition is expected to enhance INDIGO's capabilities in innovative mobility solutions and contribute positively to its overall service offerings.

Industry Overview in France

France's mobility services industry, particularly in urban transport, has been experiencing significant growth and transformation in recent years. The rise in environmental awareness and the need for alternative transportation methods have led to an incre