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VINCI - 2008 annual report

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26<br />

18.03.<strong>2008</strong> <strong>VINCI</strong> PARK MOVES INTO TOP 10 PARKING COMPANIES<br />

IN THE UNITED STATES<br />

LAZ Parking, owned 50% by <strong>VINCI</strong> Park<br />

since 2007, expanded strongly in <strong>2008</strong>, both<br />

through external growth (acquisition of two<br />

companies totalling 26,500 spaces) and<br />

organic growth (new contract to operate<br />

36,000 on-street parking spaces in Chicago).<br />

This momentum carried over into the begin-<br />

ning of 2009 with the acquisition of Ultimate<br />

Parking (130 contracts in Boston, Providence<br />

and San Diego), which specialises in hotel,<br />

restaurant and private event parking.<br />

In total, LAZ Parking now operates over 1,000<br />

car parks and 325,000 spaces in 19 states and<br />

90 cities in the United States.

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