If the deal goes through, Proximus Group will have achieved its ambition to divest €500 million of non-core assets two years ahead of schedule
Proximus Group has reached a binding agreement to sell its 92.7% stake in Be‑Mobile, based on an enterprise value of €170 million to Arrive. The latter is a global provider of digital parking and mobility solutions. The transaction is subject to the usual regulatory approvals and it is expected the deal with close n the second half of 2025.
Assuming this transaction goes through as expected, Proximus Group will have achieved its divestment programme’s target of €500 million two years ahead of the original 2027 deadline. It plans to raise that target ‘up to EUR 600 million’. Earlier this month, the group announced it would be selling off several hundred buildings over the next decade, starting with the most valuable.
Big data gains
Proximus has been the majority shareholder of Be‑Mobile since 2016 and has become the market leader in the Benelux for subscription-based driver companion apps, mobility payment solutions as well as traffic data and control services. The company is best known for its platforms 4411, with 1 million active users generating 4 million monthly parking sessions, and Flitsmeister, serving a driver community of approximately 3 million active users.
Proximus says that Be‑Mobile’s expertise in big data, advanced geo-technologies and AI has made it a trusted partner for governments and private road infrastructure operators, helping to optimise traffic management and toll systems, and improve road safety.
Arrive is a global mobility platform, offering software-based services like parking apps, data insight products and payment processing, as well as hardware solutions like train ticket machines, parking pay and display stations and travel gates. The company has grown rapidly over the past few years and is now active in about 20,000 cities in more than 90 countries. The acquisition will add to its parking services portfolio and strengthen its presence in Belgium and the Netherlands.
