European intermodal operator The Hupac Group has signed an agreement with a subsidiary of Genesee & Wyoming to purchase all issued share capital of ERS Railways.
The transaction also includes the acquisition of ERS’s 47% stake in boxXpress, a Hamburg-based railway company.
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ERS will also continue to operate as an independent company to ensure the continuity of services for its customers, as well as to cater to new clients received due to the combination with the Hupac Group.
It will also continue to cooperate with Freightliner on continental train traction services.
The acquisition is expected to boost the group’s network within the growing European maritime hinterland logistics industry.
The network offered by ERS in collaboration with boxXpress focuses predominantly on German ports. It is expected to complement Hupac’s extensive hinterland network, concentrated on the Western ports of Antwerp and Rotterdam.
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By GlobalDataThe combined company will be jointly led by ERS business development manager Bernd Decker and Hupac Intermodal director Renzo Capanni as members of the management board.
The transaction, expected to close in this quarter, is subject to the satisfaction of customary closing conditions, as well as competition clearances.
Established in 1994, ERS became a subsidiary of Genesee & Wyoming in 2015 after the latter acquired the UK-based Freightliner Group.
ERS offers freight forwarding services to the maritime intermodal market between major German seaports and the hinterland, primarily through boxXpress.
Furthermore, ERS operates a block train service between the ports of Lübeck and Ludwigshafen.
