DGAP-News: Joint Venture between VTG and Kuehne + Nagel creates Europe's largest private rail logistics provider
(firmenpresse) - DGAP-News: VTG Aktiengesellschaft / Key word(s): Joint Venture
Joint Venture between VTG and Kuehne + Nagel creates Europe's largest
private rail logistics provider
27.09.2013 / 13:31
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Joint Venture between VTG and Kuehne + Nagel creates Europe's largest
private rail logistics provider
- Kuehne + Nagel and VTG sign agreement
- Considerable rise in business volume from a single source
- Expanded range of services throughout Europe
Hamburg, September 27, 2013. VTG Aktiengesellschaft (WKN: VTG999), one of
Europe's leading wagon hire and rail logistics companies, and Kuehne +
Nagel, one of the world's leading logistics companies, today signed an
agreement in Hamburg to merge certain rail logistics operations. Subject to
the approval of the antitrust authorities, the new company, which will
operate under the name VTG Rail Logistics, will commence operations on
January 1, 2014.
On September 27, 2013, Karl Gernandt, Chairman of Kuehne + Nagel
International AG, and Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft,
signed an agreement to merge certain rail logistics operations of the two
companies. 'This joint venture under the umbrella of VTG Rail Logistics is
creating a rail logistics company with a Europe-wide network of locations
and completely new possibilities for transport concepts that show the way
to the future,' says Fischer. 'I am very pleased that we have been able to
further extend our long-standing partnership with VTG,' explains Gernandt,
adding: 'The merger enables us to combine the expertise of two strong
logistics partners that complement each other perfectly in terms of the
regions and operations they focus on.'
Fischer and Gernandt emphasise that, due to the strength of the global
Kuehne + Nagel network together with the comprehensive range of services,
the new joint venture company is much better positioned in terms of
geographical scope. With its combined sales structure, it can also access
new customer and product segments. Kuehne + Nagel will continue to
collaborate closely with VTG as a partner and offer the services of the
joint venture to its customers. VTG holds the majority in the joint
venture.
The merger will lead to a considerable rise in the volume of business,
particularly in the Industrial Goods segment. The future VTG Rail Logistics
will have approx. 270 employees spread across a total of 12 countries.
Kuehne + Nagel's intermodal railway logistics operations, which the company
will continue to offer and develop in its core business units, are excluded
from the merger.
The customers of both companies will be able to benefit from new,
integrated transport concepts that will be developed to operate
multimodally from northern Europe to the Bosporus and from western Europe
to Russia. 'Our neutrality and independence provide a guarantee of flexible
and reliable transport solutions,' says Günther J. Ferk, Head of VTG Rail
Logistics Europe. In the Industrial Goods segment, from now on existing
customer relationships and expertise can also be exploited in the Balkan
region and Russia.
.
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 53,400 railcars, with a focuson 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 62,500 employees at more than 1,000 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
Media contacts:
VTG Corporate Communications
Monika Gabler
Telephone: +49 (0) 40 23 54-1341
Email: monika.gabler(at)vtg.com
Kühne + Nagel Corporate Communications
Inge Lauble-Meffert
Telephone: +41 44 786 96 78
Email: inge.lauble(at)kuehne-nagel.com
End of Corporate News
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27.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Germany
Phone: 040 2354 0
Fax: 040 2354 1199
E-mail: info(at)vtg.de
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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232348 27.09.2013
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