VTG takes over business from SC Rail Leasing America
Company takeover helps VTG AG (Hamburg) to double its wagon fleet and number of customers in North America:
VTG Rail, Inc. (Collinsville/Illinois) a company of the Hamburg-based wagon hire and rail logistics enterprise VTG Aktiengesellschaft, took over the business operations of the American wagon hire company SC Rail Leasing America Inc., effective 1 December 2011. With more than 2,000 wagons the company was a subsidiary of Sumitomo Corporation of America. Both parties agreed upon keeping the purchase price confidential.
„Through doubling our wagon fleet in North America, we are able to consolidate our position in the world’s largest rail transport market. This business enables us simultaneously to develop new market segments and gain new customers“, Heiko Fischer, CEO VTG, explains the impact of this transaction. Previously operated under the name Texas Railcar Leasing, the VTG subsidiary will act as VTG Rail in the North American market in future. Operating business of SCRL and the existing customer relations will be introduced in the new company. The same applies to the employees.
VTG Rail took over more than 2,000 wagons from SCRL. These are mainly cargo wagons for the transport of agricultural products, coal, salt and other minerals. In 2008 VTG acquired the Texas Railcar Leasing Company with around 1,000 wagons and entered the North American wagon hire business. In the following two years the number of wagons was doubled through acquisitions.
Quelle: LogEastics
Portal: www.logistik-express.com