Financial News

07/April/2011

DGAP-News: VTG Aktiengesellschaft: VTG goes shopping in Italy



VTG Aktiengesellschaft / Key word(s): Mergers & Acquisitions
07.04.2011 / 10:02

Press Release

VTG goes shopping in Italy
- Some 300 wagons taken over from Sogerent
- Expansion of the market position in Italy

Hamburg, April 7, 2011. The Hamburg-based wagon hire and rail logistics company VTG Aktiengesellschaft (WKN: VTG999) has taken over the vehicle fleet containing around 300 wagons from the Italian competitor Sogerent, a transaction company of Sogetank. By doing so VTG is continuing its course of growth and expanding its market position in Italy. The contracting parties have agreed not to disclose the purchase price.
'The acquisition of the business from Sogerent in Italy clearly shows that we are pursuing a path as market consolidator and using the opportunities to make purchases of various sizes to strengthen our business. Furthermore we have trust in the Italian market and see potential for the future throughout the whole region', comments Dr. Heiko Fischer, CEO of VTG AG.
Besides several freight wagons, the acquisition mainly involved rail tank cars for mineral oils, chemical products and compressed gases, which are hired in Italy, Switzerland and Eastern Europe. The Sogerent business will be completely integrated into VTG Italy in Milan.


About VTG:

VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail logistics companies. The company has the largest private wagon fleet in Europe. Globally, the fleet consists of some 50,000 wagons, 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 global tank container transports and comprehensive multi-modal logistics services, mainly around rail transport.

With the combination of its three interlinked divisions Wagon Hire, 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 2009, VTG generated revenue of EUR 581.5 million and operating profit (EBITDA) of EUR 149.4 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 31 December 2009, VTG had 963 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

Yvonne Studier
PR Officer Trade Press
Telephone:   +49 (0) 40 23 54-13 45
Fax:         +49 (0) 40 23 54-13 40
Email:       yvonne.studier@vtg.com 


Investor Relations contact:
Felix Zander
Head of Investor Relations
Telephone:    +49 (0) 40 23 54-1351
Fax:          +49 (0) 40 23 54-1350
Email:        felix.zander@vtg.com


For further information please go to www.vtg.com


End of Corporate News

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Language: English Company: VTG Aktiengesellschaft Nagelsweg 34 20097 Hamburg Deutschland Phone: 040 2354 0 Fax: 040 2354 1199 E-mail: info@vtg.de Internet: www.vtg.de ISIN: DE000VTG9999 WKN: VTG999 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart  
 
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