Proximus Group announces the sale of its majority stake in Be-Mobile to Arrive
Proximus Group has reached a binding agreement with Arrive, a global provider of digital parking and mobility solutions, to sell its 92.7% stake in Be‑Mobile nv/sa, based on an enterprise value of EUR 170 million. The transaction is subject to customary regulatory clearance, with closing expected in the second half of 2025. Following this transaction, Proximus Group will have achieved its EUR 500 million divestment program two years ahead of the initial 2027 target and is now raising its overall asset disposal ambition to 'up to EUR 600 million'.
Proximus has been the majority shareholder of Be‑Mobile since 2016. As part of the Proximus Group, Be‑Mobile 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. Furthermore, 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 optimize traffic management and tolling systems and improving 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 c. 20.000 cities in more than 90 countries. The acquisition will reinforce its parking services portfolio and will further strengthen its presence in Belgium and the Netherlands.
The agreement with Arrive will be filed to the Belgian screening authority for Foreign Direct Investment (ISC), with an expected closing in the second half of 2025.
Asset divestment target achieved two years ahead of schedule
With the expected proceeds of the transaction, Proximus Group will have achieved its ambition to divest EUR 500 million of non-core assets by 2027 – supporting its free cash flow in a period of heavy investments – more than 2 years earlier than planned.
Looking forward, Proximus Group has now initiated a project to sell several hundreds of its buildings over the next decade, with a focus on the most valuable properties over the first years. Proximus Group now raises the total expected proceeds from the company’s asset disposal program to up to EUR 600 million over the 2023-2027 period.
We are proud of the trajectory of Be-Mobile within the Proximus Group over the past years and looking forward to see Jan Cools continue his entrepreneurial journey in the international world of mobility solutions, together with his team. The company is well-equipped for the future and I'm convinced that a mobility expert like Arrive is best placed to support the future growth of 4411. For Proximus Group, this deal is a decisive building block in the context of our ongoing asset disposal program. With our initial 2027 divestment target already achieved, we are confident to raise our ambition towards EUR 600 million.
This agreement represents a significant step forward in our journey toward making cities more livable. The deal strengthens our ability to innovate, while making parking easier and more accessible for both local drivers and visitors, improving everyday mobility experience. Together, we can shape even smarter, urban environments.
