DGAP-Ad-hoc: VTG Aktiengesellschaft: VTG enters U.S. rail car leasing business
VTG Aktiengesellschaft / Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
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Hamburg, December 11, 2007 – VTG Aktiengesellschaft, Hamburg, is going to acquire Texas Railcar Leasing Company (TRLX) located in the United States. A purchase agreement has been signed with the owner of the family business based in McAllen, Texas. In acquiring TRLX, VTG enters the North American rail freight market. The transaction is planned to close in early 2008. VTG will integrate the new U.S. activities into its Wagon Hire division.
In fiscal 2006, TRLX with its five employees and a fleet of about 1,000 wagons earned in excess of 4.0 million U.S. dollars in revenues. The company, located in the world’s largest railway logistics market, has a broad customer base focused on long-term relationships in such industries as chemicals, energy and the construction sector.
Head of Investor Relations
Telephone: +49 (0) 40 2354 1351
Fax: +49 (0) 40 2354 1350
Head of Communications and Marketing
Telephone: +49 (0) 40 2354 1343
Fax: +49 (0) 40 2354 1340
11.12.2007 Financial News transmitted by DGAP
Issuer: VTG Aktiengesellschaft
Phone: 040 2354 0
Fax: 040 2354 1199
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
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