DGAP-News: VTG Aktiengesellschaft: VTG goes shopping in Italy
(firmenpresse) - DGAP-News: VTG Aktiengesellschaft / Key word(s): Mergers&Acquisitions
VTG Aktiengesellschaft: VTG goes shopping in Italy
07.04.2011 / 10:02
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Press Release
VTG goes shopping in Italy
- Some 300 wagons taken over from Sogerent
- Expansion of the market position in Italy
Hamburg, April 7, 2011. The Hamburg-based wagon hire and rail logistics
company VTG Aktiengesellschaft (WKN: VTG999) has taken over the vehicle
fleet containing around 300 wagons from the Italian competitor Sogerent, a
transaction company of Sogetank. By doing so VTG is continuing its course
of growth and expanding its market position in Italy. The contracting
parties have agreed not to disclose the purchase price.
'The acquisition of the business from Sogerent in Italy clearly shows that
we are pursuing a path as market consolidator and using the opportunities
to make purchases of various sizes to strengthen our business. Furthermore
we have trust in the Italian market and see potential for the future
throughout the whole region', comments Dr. Heiko Fischer, CEO of VTG AG.
Besides several freight wagons, the acquisition mainly involved rail tank
cars for mineral oils, chemical products and compressed gases, which are
hired in Italy, Switzerland and Eastern Europe. The Sogerent business will
be completely integrated into VTG Italy in Milan.
About VTG:
VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail
logistics companies. The company has the largest private wagon fleet in
Europe. Globally, the fleet consists of some 50,000 wagons, 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 global tank container
transports and comprehensive multi-modal logistics services, mainly around
rail transport.
With the combination of its three interlinked divisions Wagon Hire, Rail
Logistics and Tank Container Logistics, VTG offers its customers a
high-performance platform for international transport of their freight. The
Group has many years of experience and specific expertise, in particular in
the transport of liquid and sensitive goods. Its customers include numerous
well-known companies from almost every industrial sector, for example the
chemical, petroleum, automotive, paper and agricultural industries.
In the financial year 2009, VTG generated revenue of EUR 581.5 million and
operating profit (EBITDA) of EUR 149.4 million. Via its subsidiaries and
affiliates the company, which has its head office in Hamburg, is mainly
present in Europe, Asia and North America. As at 31 December 2009, VTG had
963 employees worldwide in consolidated companies. Since June 2007, VTG AG
has been listed on the official Prime Standard market of the Frankfurt
Stock Exchange and also on the SDAX (WKN: VTG999).
Media contact:
Monika Gabler
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
Email: monika.gabler(at)vtg.com
Yvonne Studier
PR Officer Trade Press
Telephone: +49 (0) 40 23 54-13 45
Fax: +49 (0) 40 23 54-13 40
Email: yvonne.studier(at)vtg.com
Investor Relations contact:
Felix Zander
Head of Investor Relations
Telephone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
Email: felix.zander(at)vtg.com
For further information please go to www.vtg.com
End of Corporate News
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Deutschland
Phone: 040 2354 0
Fax: 040 2354 1199
E-mail: info(at)vtg.de
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
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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118830 07.04.2011
Datum: 07.04.2011 - 10:02 Uhr
Sprache: Deutsch
News-ID 33727
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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