VTG operates a fleet of 52,700 wagons in Europe, Russia, and North America and provides freight logistics services. VTG, with a workforce of 300, had a turnover of €767m in 2012 and achieved an Ebitda of €173.8m.
Kuehne & Nagel's rail logistics activities are focused on Europe, the Commonwealth of Independent States (CIS) and Asia. VTG says the merger will enable it to expand its services in the industrial, agricultural, and petrochemical goods markets.
"With the merging of our operations, we are further consolidating our position as Europe's largest rail logistics company," says Dr Heiko Fischer, VTG's CEO.
The merger excludes Kuehne & Nagel's intermodal railway logistics operations, which it will continue to develop independently.
