PKP Cargo takes an eye on CTL Logistics and AWT Group

PKP Cargo has signed a Letter of Intent to acquire CTL Logistics and intends a potential acquisition the Czech AWT Group

The Polish rail transport company PKP Cargo has signed a Letter of Intent with the European Rail Freight II S.à r.l, regarding the potential purchase of 100% shares of CTL Logistics.CTL. It stipulates that both sides of the agreement are able to start negotiations on conditions of a potential transaction. At the same time, PKP Cargo has informed its investors about a potential acquisition of the Czech company AWT, one of the largest private train freight carriers in Europe.

CTL is an universal logistics operator. Its key business is the rail freight transport and also includes other elements allowing it to render the logistical process for customers. The Group has at its disposal nearly 200 locomotives and over 4.800 wagons. It has its own fleet repair facilities employs over 1.800 staff. In 2013, CTL Group transported 12.6 million tons of loads and had freight turnover, achieving sales of PLN 726.6 million.

The AWT Group is one of the largest private service companies operating in the rail freight transport market in Europe with 8% share in the rail freight market in the Czech Republic in terms of freight turnover in 2013. Additionally, it renders services in Slovakia, Slovenia, Hungary, Poland, Germany, Rumania, Bulgaria and Croatia. In 2013, the AWT Group transported 12 million tons of freight and generated sales of EUR 282 million.

With the staff of approximately 2,000 the AWT Group renders complex services mostly to large industrial plants in Central and Eastern Europe. It specialises in transporting heavy and bulk loads, including coal, steel and vehicle parts and manages a rolling stock comprising approximately 160 locomotives and 5,100 wagons. In the Czech Republic, the AWT Group has a continuously growing intermodal transport terminal of Ostrava-Paskov and services approximately 60 railway sidings for some of the largest industrial plants.

www.pkp-cargo.pl

Quelle: LogEastics
Portal: www.logistik-express.com