IMAP France (Societex) advised the disposal of the public transport business from Péglion Group to Keolis

Created 70 years ago, the family owned group Pég​lion offers public transport services in the southeast of France (Nice area) through three subsidiaries: Tram, Phoceens Cars, and Santa Azur. The group also owns Phoceens Voyage, a travel agency network, specialized in travel organization especially through bus transport.

 

With a turnover of €15M and a 150-vehicle fleet, the passenger transport activity employs more than 150 persons. The travel agency network generates an additional €15M turnover.

 

The acquisition of the public transport business from "Péglion Group" will enable KEOLIS to strengthen its local position, in the French "Alpes-Maritimes" department.

 

Alongside this transaction, Phoceens Voyage has been sold to its managers-shareholders through an OBO.

 

Societex CF initiated the contacts and advised the sellers in the negotiations with Keolis Group.

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