Change of ownership with Freightliner Group (ERS Railways)
Genesee & Wyoming Inc. (G&W) has entered into an agreement to acquire Freightliner Group from Arcapita, who have been majority shareholders since 2008
This agreement will be mutually beneficial for both parties, and Freightliner Group will continue to invest in new technologies and enhance international activities. The change of ownership will not have any impact on the day to day operations of the Group and its subsidiaries. All existing arrangements for each of Freightliner’s operating companies together for all staff will remain unaltered.
Russell Mears, Chief Executive Officer of Freightliner Group says, “Genesee & Wyoming brings additional investment firepower, extended international reach an rail infrastructure expertise to add to the existing strengths of the Freightliner Group. Their commitment to safety and service quality in all activities also mirrors our own values.“
Jack Hellmann, President and Chief Executive Officer of Genesee & Wyoming Inc., comments, “The acquisition of Freightliner is an excellent strategic fit for G&W. We are excited to be adding a world class intermodal and heavy haul franchise in the United Kingdom that will be the foundation of G&W’s European Region. Further, the overlap of our respective rail businesses in Australia and the Netherlands will unlock operating synergies and expand our presence in each of those markets.”
Freightliner Group Ltd. isa leading global rail freight provider operating across the UK, Continental Europe and Australia. It employs over 2500 staff and offers customers a wide range of rail freight solutions to cater for the requirements of a diverse market sector.
Freightliner Poland and Germany (providing bulk rail freight services including coal, aggregates and other bulk commodities within Poland and Germany and cross border) an ERS Railways (providing cross border intermodal services connecting the northern European ports of Rotterdam, Bremerhaven and Hamburg to key cities in Germany, Poland, Italy and beyond) are part of the Freightliner Group.
www.freightliner.co.uk
Quelle: LogEastics
Portal: www.logistik-express.com