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Kuehne + Nagel and VTG negotiate a merger of rail logistics activities
Letter of intent signed by both parties
VTG Aktiengesellschaft, one of the leading wagon hire and rail logistics companies in Europe, and Kuehne + Nagel, one of the leading global
logistics companies, are planning a merger of parts of their rail logistics activities. Both parties
signed the related letter of intent. A majority participation of VTG is aimed for.
This merger represents an expansion of the long-term partnership that has existed between VTG and
Kuehne + Nagel within the scope of their joint company Transpetrol for more than 20 years. The new
joint venture would expand the present rail logistics activities of the partners, continuing the growth
strategy of VTG Rail Logistics and enabling Kuehne + Nagel to offer its customers an extended product
range. The goal is to strengthen the market position in the European rail logistics business. In addition,
the transaction allows an expansion of the logistics solutions offered in the Industrial, Agricultural and
Petrochemical Goods product segments. From a geographical point of view, the joint coverage area
ranges all over Europe into Russia and Turkey.
The final contracts that will be worked out after signing the letter of intent are subject to the approval of
the relevant corporate bodies and antitrust authorities. The decision is expected for the second half of
2013.
About VTG:
VTG Aktiengesellschaft is one of Europe’s leading railcar leasing and rail logistics companies. The
company has the largest private railcar fleet in Europe. Globally, the fleet consists of some 54,400
railcars, with a focus on tank cars and state-of-the-art high capacity freight cars and flat cars. In addition
to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around
rail transport, and global tank container transports. Further information at www.vtg.com
About Kuehne + Nagel:
With over 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel
Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight,
airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated
logistics solutions. Further information can be found at www.kuehne-nagel.com
Source:
VTG: Monika Gabler
Kuehne + Nagel: Inge Lauble-Meffert
April 25, 2013
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