GERMANY's Federal Cartel Office has approved the acquisition by VTG of the Nacco Group, Europe’s fourth largest wagon leasing company, from CIT Rail Holdings Europe, subject to certain conditions. VTG hopes to get approval from the Austrian antitrust court before the end of March.
A new wagon tracking system is promising to revolutionise VTG’s European wagon fleet operations management, and its business offering. Kevin Smith spoke with VTG and the inventor of the system, Nexiot.
GERMAN leasing company VTG has signed an agreement to acquire CIT Rail Holdings, based in Paris, and its associated Nacco Group, which is a European wagon rental company.
VTG Rail, the US leasing subsidiary of VTG, Germany, has acquired the rolling stock assets of Redwood Rail, adding 1135 wagons to its fleet, and bringing VTG Rail’s total number of units in use in North America to 5200.
VTG announced on October 13 that Morgan Stanley Infrastructure has acquired 29% of VTG’s share capital, becoming the company’s largest shareholder.
GERMAN freight wagon leasing and logistics company VTG has acquired a new major shareholder after the sale of Wilbur Ross's final 20% stake in the company to Kühne Holding, a shipping, logistics and hotel company based in Switzerland.
WAGON leasing and logistics company VTG, Germany, reported a 76.2% rise in earnings before tax, depreciation and amortisation (Ebitda) in 2015 to €336.5m on turnover of €1bn.
VTG has unveiled what it says is Europe's first tank wagon for transporting liquefied natural gas (LNG) at this week's Transport and Logistics trade fair in Munich.
SLOVAKIAN railfreight operator ZSSK Cargo has sold its fleet of 12,342 wagons to a newly-formed joint venture company under a sale-and-lease-back agreement signed on March 5.
VTG announced on January 6 that it has completed the acquisition of Swiss wagon leasing company Ahaus Alstätter Eisenbahn Holding (AAE) following approval of the transaction by competition authorities in Germany, Austria, Poland, and Russia.