France's Vinci Park has completed the acquisition of a 100% stake in the British Meteor Parking company from the Go-Ahead Group for an undisclosed amount. With this purchase, Vinci becomes the UK's fourth-largest parking operator, with a portfolio of 130,000 managed parking spaces and revenue of around £50 mln (EUR 60 mln).

'The two companies complement each other, giving the new entity a consistent structure and consolidating Vinci Park's positions in the hospital and retail parking market and opening up promising new sectors such as airport car parks and valet parking,' the company said in a statement this week.

Founded in 1963, Vinci Park is active across 12 countries and manages over 1 million parking places in Europe and North America. The company recently expanded into Russia, the US and Canada, while in Europe it has a strong presence in France, UK and Spain.