Nection

Nection, operating under the brand TP Network, is a European platform for secure truck parking. The company was developed in 2022 by Padrosa Group and TIIC, who remain shareholders. In August 2024, GREYKITE European Real Estate Fund I acquired a controlling stake in TP Network, with JV20 also joining as a new partner to help scale the platform.

The business addresses the significant shortage of safe and secure truck parking areas (SSTPAs) across Europe, a critical issue for the freight economy and driver welfare. Nection's business model focuses on establishing a network of parking locations at strategic points along primary transport routes. The initial portfolio includes seven sites across Spain, France, Italy, and the Netherlands, with a development pipeline of eleven additional assets in countries like Germany and Austria. The company's long-term goal is to operate approximately 40 sites.

Nection's facilities are designed to improve the working conditions for drivers by providing secure, 24/7 monitored parking and a range of amenities. These services often include restrooms, showers, laundry facilities, restaurants, Wi-Fi, and electrical connections for refrigerated trucks. By offering these services, the company aims to enhance driver comfort, safety, and overall well-being. The business generates revenue by charging for parking and the use of its various on-site facilities.

Keywords: secure truck parking, logistics infrastructure, driver welfare, industrial outdoor storage, freight economy, European transport network, SSTPA, transport services, fleet management, supply chain.