(G&W) (NYSE:GWR) – a United States-based, global operator of short line and regional railroads and the parent company of Freightliner, the largest transporter and inland rail terminal operator for the movement of deep sea maritime containers in the UK. The purchase price is GBP £87 million (or approximately USD $110 million at current exchange rates), subject to final working capital and other closing adjustments. The transaction is subject to customary closing conditions, including competition clearances and the finalization of certain lease agreements, which are expected in the first quarter of 2017.

Joe Nicklaus Nielsen, APM Terminals Vice President and Head of Port Investments said “This divestment is in line with APM Terminals’ strategy to develop and optimize our portfolio of businesses. Pentalver is a successful business, and we are pleased to have found a new strong owner in Genesee & Wyoming. Together with existing management and the around 600 dedicated employees of Pentalver, Genesee & Wyoming is an excellent new owner that will provide the right platform for customers going forward.”

Jack Hellmann, President and Chief Executive Officer of G&W, commented, “The acquisition of Pentalver is an excellent strategic fit with our existing intermodal offering in the U.K. With the advent of larger container ships and the growth of distribution centers in the Midlands and throughout the U.K., our maritime intermodal customers are seeking greater service optionality, which includes not only rail and road transportation but also the ability to store, maintain and position containers.”

About Pentalver
Pentalver has been part of the A.P. Moller-Maersk Group since acquired in 1995. Pentalver offers container transport (trucking and haulage), specialist transport, loaded & empty container storage and inland container logistics solutions within five strategically placed UK facilities that combined handle over one million TEU of containers each year. This includes repair facilities, 24/7 refrigeration service and a fleet of over 200 trucks. The company has grown over 30 years to become a leading one stop shop to the UK logistics industry and also offers nationwide depot services and the sale of new & used shipping and refrigerated containers, including customization. https://www.pentalver.com

About APM Terminals
Pentalver is owned by APM Terminals – a leading global port operator with a presence in 69 countries with 72 container terminals and 140 inland services facilities providing the world’s most geographically balanced global terminal network. Based in The Hague, Netherlands, APM Terminals works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals.
https://www.apmterminals.com

About G&W
Genesee & Wyoming owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with approximately 7,300 employees and more than 2,800 customers.*

  • G&W’s eight North American regions serve 41 U.S. states and four Canadian provinces and include 115 short line and regional freight railroads with more than 13,000 trackmiles.*
  • G&W’s Australia Region provides rail freight services in New South Wales, including in the Hunter Valley coal supply chain, and in the Northern Territory and South Australia, including operating the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51% owned by G&W and 49% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.
  • G&W’s U.K./Europe Region is led by Freightliner, the U.K.’s largest rail maritime intermodal operator and second-largest rail freight company. Operations also include heavy-haul in Poland and Germany and cross-border intermodal services connecting Northern European seaports with key industrial regions throughout the continent.
Source: apmterminals
2016-12-14

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