Seven years after setting up the business, the shareholders of privately-owned German rail cargo service provider Rail4Chem – BASF SE, Hoyer GmbH Internationale
Fachspedition, Bertschi AG and VTG Aktiengesellschaft – have decided to sell the company to Veolia Cargo (Paris).
The parties agreed not to disclose the acquisition price. The transaction requires the approval of the
relevant antitrust authorities and is expected to be finalised during the first half of 2008.
BASF, Bertschi, Hoyer and VTG set up Rail4Chem in 2000 to intensify competition in the rail cargo sector.
Since its inception, stated BASF, Essen-based Rail4Chem had advanced to become one of the major private
providers in the business in parallel with increasing liberalisation of European rail markets and had
sales of over EUR 80m last year.
"When the transaction is complete, Rail4Chem and Veolia Cargo's existing rail cargo business will be
combined to become Europe's leading privately-owned provider of rail cargo services, on track for
continued profitable growth in a strong alliance," said BASF.
"The existing transport routes, businesses and licenses of the two companies are a perfect match,
making Veolia Cargo the preferred partner of Rail4Chem's former owners. BASF, Hoyer, Bertschi and
VTG will remain customers of Rail4Chem."
With its subsidiaries Rail4Chem benelux B.V. (Rotterdam), Rail4Chem transalpin AG (Basel) and fer
Polska S.A. (Warsaw), Rail4Chem Group has permits in Germany, the Netherlands, Belgium, France and
Switzerland. Together with partners, it also provides transport services to Poland, Czech Republic,
Austria, Hungary, Italy and Slovakia. Rail4Chem employs approximately 180 people.
Veolia Cargo is an independent private European freight transportation company, a subsidiary of Veolia
Transport, specialised in rail-based logistics. In 2007, Veolia Cargo employed 1,000 people and generated
revenue of Ђ122m. It is primarily involved in medium and long-distance rail freight transportation (national
and cross-border services), management of private sidings at industrial sites and local rail networks, and
train haulage-related services and logistics services at industrial sites.