VTG Rail Logistics completes takeover of Carbo Rail

Under a transaction signed in February 2020 that has now been 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 thus taken full charge of Carbo Rail’s strategic development and operational management. Carbo Rail will be integrated in VTG’s Retrack railway company and will in future operate under the name Retrack Slovakia. 

Günther J. Ferk, Head of VTG Rail Logistics Europe, said: “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.” 

He added: “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.” 

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. The new partner in the Retrack network is contributing not only its licenses but also its assets, including 25 locomotives, and its approximately 150 employees. 

For more information visit www.vtg.com 

8th June 2020