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VTG AG to Merge Certain Rail Logistics into Joint Venture with Kuehne und Nagel International AG

Friday, 27 Sep 2013 07:31am EDT 

VTG AG announced that together with Kuehne und Nagel International AG it has signed an agreement in Hamburg to merge certain rail logistics operations. Subject to the approval of the antitrust authorities, the new company, which will operate under the name VTG Rail Logistics, will commence operations on January 1, 2014. The merger will lead to a considerable rise in the volume of business, particularly in the Industrial Goods segment. The future VTG Rail Logistics will have approx. 270 employees spread across a total of 12 countries. Kuehne und Nagel International's intermodal railway logistics operations, which the company will continue to offer and develop in its core business units, are excluded from the merger. 

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