VTG Rail Logistics GmbH has finalised the Carbo Rail acquisition process following the approvals of the relevant antitrust authorities. VTG Rail Logistics now owns a majority stake in the Slovakian railway transport company which in the future will operate under the name Retrack Slovakia.
The Slovakian company will be integrated in VTG’s Retrack railway company and will offer rail access on the Central and Eastern European market. Carbo Rail has operating licenses for Slovakia, the Czech Republic and Hungary.
In the future, the 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.
“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 transport corridors all over Europe,” Günther Ferk, the Head of VTG Rail Logistics Europe, said.
Under the Carbo Rail acquisition, signed in February 2020, VTG Rail Logistics has taken full charge of Carbo Rail’s strategic development and operational management.
Carbo Rail has 25 locomotives in operation to provide transport services for its customers and under the transaction, for VTG customers. The company has approximately 150 locomotive drivers.