DGAP-News: VTG Aktiengesellschaft / Key word(s):
Miscellaneous/Miscellaneous
VTG expands U.S. Railcar Fleet
11.12.2013 / 12:45
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VTG expands U.S. Railcar Fleet
- Diversification into dried distillers' grains
- New customer brings new business
Hamburg, December 11, 2013. VTG Aktiengesellschaft (WKN: VTG999), one of
Europe's leading railcar leasing and rail logistics companies, has further
expanded its U.S. railcar fleet. The company has added some 350 jumbo
covered hoppers for dried distillers' grains (DDG), acquired by the U.S.
subsidiary VTG Rail. The railcars have an average age of six years.
'This acquisition is an important step on the way to significantly
rejuvenating and diversifying our U.S. fleet', explains Dr. Heiko Fischer,
CEO of VTG Aktiengesellschaft. 'Furthermore, with this purchase, we are
gaining an important new customer who requires the railcars for product
distribution both in and beyond the U.S.'
Chris Schmalbruch, President of VTG Rail, is pleased with the opportunity
this new acquisition provides to grow the fleet and profitability,
explaining: 'With the purchase of these cars we now have access to another
promising market, where our highly motivated team can provide top level
service to the leader in the premium DDG market.'
VTG entered the North American market in 2008 with the acquisition of Texas
Railcar Leasing Company and its fleet of 1,000 railcars. In the two years
that followed, the company doubled the number of railcars with further
acquisitions. In 2011, VTG Rail once again doubled the size of its fleet by
adding another 2,400 railcars with its acquisition of the fleet owned by SC
Rail Leasing America. VTG Rail now operates in the North American market
with a fleet of more than 4,000 railcars.
About VTG:
VTG Aktiengesellschaft is one of Europe's leading railcar leasing and rail
logistics companies. The company has the largest private railcar fleet in
Europe. Globally, the fleet consists of some 52,700 railcars, with a focus
on tank cars and state-of-the-art high capacity freight cars and flat cars.
In addition to the hiring of wagons, the Group offers comprehensive
multi-modal logistics services, mainly around rail transport, and global
tank container transports.
With the combination of its three interlinked divisions Railcar, Rail
Logistics and Tank Container Logistics, VTG offers its customers a
high-performance platform for international transport of their freight. The
Group has many years of experience and specific expertise, in particular in
the transport of liquid and sensitive goods. Its customers include numerous
well-known companies from almost every industrial sector, for example the
chemical, petroleum, automotive, paper and agricultural industries.
In the financial year 2012, VTG generated revenue of EUR 767.0 million and
operating profit (EBITDA) of EUR 173.8 million. Via its subsidiaries and
affiliates the company, which has its head office in Hamburg, is mainly
present in Europe, Asia, Russia and North America. As at 31 December 2012,
VTG had 1,188 employees worldwide in consolidated companies. Since June
2007, VTG AG has been listed on the official Prime Standard market of the
Frankfurt Stock Exchange and also on the SDAX (WKN: VTG999).
Media contact:
Monika Gabler
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
Email: monika.gabler@vtg.com
Investor Relations contact:
Christoph Marx
Head of Investor Relations
Phone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
Email: christoph.marx@vtg.com
End of Corporate News
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Germany
Phone: 040 2354 0
Fax: 040 2354 1199
E-mail: info@vtg.de
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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244265 11.12.2013
DGAP-News: VTG expands U.S. Railcar Fleet
| Source: EQS Group AG