Under a transaction signed in February 2020 and now approved by the relevant antitrust authorities, VTG Rail Logistics GmbH has acquired a majority stake in Slovakian railway company Carbo Rail.
With immediate effect, the Hamburg-based group has taken full charge of Carbo Rail’s strategic development and operational management.
VTG said Carbo Rail will be integrated into its Retrack railway company and will in future operate under the name Retrack Slovakia.
“Its operating licenses for Slovakia, the Czech Republic and Hungary make Carbo Rail a sensible complement to our Retrack network that sustainably reinforces our presence in Central and Eastern Europe,” said Günther J. Ferk, head of VTG Rail Logistics Europe.
“Working together under the same name, our commitment is to supply customers with seamless, single-source transaction services and end-to-end forwarding solutions along the most important transportation corridors all over Europe.”
According to VTG, in the future, this expansion of the Retrack network will enable trains to cross borders “along an entire corridor without the hassle of uncoupling and recoupling”.
Carbo Rail is contributing not only its licences to the Retrack network, but also its assets, including 25 locomotives and approximately 150 employees.