Transdev takes minority position in Navendis
Sep 8, 2016
Transdevtakes minority positionin Navendis
Issy-les-Moulineaux, April 6, 2016
Transdev continues its development in the transport on demand market in taking a minority stake in the company Navendis. France’s leader in private chauffeuring services for companies, Navendis is thereby accelerating its deployment in France. Already present in France through Greentomatocars inchauffeured vehicles for companies in the Ile-de-France region, Transdevconfirms the importance of transport on demand to its development. “Through this acquisition, Transdevis reinforcing its transport on demand offer in France. In Navendis, we have found astrong partner that shares the same values as our company.”
Analternative to existing solutions on the French market, Navendis has chosen anintegrated model, with its drivers permanent employees, to offer a premiumservice customized to companies (BtoB). Designer of a unique and innovativetechnology solution, Navendis responds to companies’ mobility needs byguaranteeing quality service and the market’s most competitive prices. “Access to the capital of a world transportation leader like Transdev is an important step for Navendis. This merger will allow us to accelerate our development. Since 2010 and the creation of Navendis, we have created 200 permanent jobs and look forward to creating more through this partnership.”
Alreadypresent in Ile-de-France and Lyons, this offer should be deployed quickly inToulouse and Nice, followed by other major French cities. "The organizational similarities, vision of the business andsynergies with our existing offerings make this move a natural decision,"said Jean-Marc Janaillac. About Transdev
A subsidiary of Caisse des Dépôts and Veolia,Transdev is a world leader in mobility. Transdev advises and supports regionalauthorities, from pre-project to daily operations of public transit systems toproject management. With 83,000 employees in 19 countries, the company operates43,000 vehicles and 22 light rail networks. Transdev generated revenues of 6.6billion euros in 2015.