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.