Independent journal on economy and transport policy
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the German Rhenus Logistics has bought 50% of the railway society Austrian LTE
the half of the capital has remained to the group Graz-Köflacher Bahn und Busbetrieb
July 10, 2015
The logistic group German Rhenus Logistics has bought a participation of 50% in the LTE Logistik- und Transport GmbH, railway society Austrian previously entirely stopped from the group Graz-Köflacher Bahn und Busbetrieb (GKB) to which it has remained 50% of the capital. The cession of the quota by GKB has become necessary on the base than arranged from the federal authority Austrian for competition after the precedence partner TO PLACE had exited from the LTE capital.
LTE, that it has 220 dependent in nine nations, work mainly in central Europe and oriental. Last year the railway society has recorded revenues for about 70 million euros and volumes transported pairs to about six million tons of goods. LTE has licences in order to operate in Austria, Holland, Poland, Czech Republic, Rumania, Slovakia and Hungary.
Austrian GKB and the Rhenus German have emphasized that the new partnership will allow with LTE of to have approached the important economic regions of the Ruhr and the Benelux. Moreover Rhenus, that it has beyond 25.000 dependent in beyond 460 it alleviate and it totals annual revenues for 4,2 billion euros, will be able to make use of the 32 locomotori operated from LTE and of its consisting fleet of railway cars.
"With the investment in LTE - Thomas Maassen has explained, in charge of the railway division of Rhenus - we expect an increase of the opportunities of market in the European field of the transports on track. The offered produced ones from Rhenus are being diversified and been becoming more efficient, and are improving also in meaningful way the cover of the continent".
At the beginning of this Rhenus year important investment in railway field had carried out another acquiring 50.1% of the capital stock of the railway society private Crossrail Helvetian, that it is specialized in transport transalpine between Italy, Germany, Belgium and Holland.
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The logistic group German Rhenus Logistics has bought a participation of 50% in the LTE Logistik- und Transport GmbH, railway society Austrian previously entirely stopped from the group Graz-Köflacher Bahn und Busbetrieb (GKB) to which it has remained 50% of the capital. The cession of the quota by GKB has become necessary on the base than arranged from the federal authority Austrian for competition after the precedence partner TO PLACE had exited from the LTE capital.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
