Created 70 years ago, the family owned group Péglion 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.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.