Hupac has agreed to purchase the share capital of ERS Railways, including ERS’s 47% stake in boxXpress. Hupac believes the network offered by ERS out of the German ports will complement its own hinterland network focused on Antwerp and Rotterdam. ERS will remain a fully independent company.
The purchase from Genessee & Wyoming subsidiary Freightliner, is subject to satisfaction of customary closing conditions, including the receipt of competition clearances, and is expected to close in the second quarter of 2018.
Bernd Decker, current business development manager of ERS, together with Renzo Capanni, director Company Shuttle and Shuttle Net South-East Europe of Hupac Intermodal Ltd, will lead the company as members of the management board and continue to drive its development.
Source: Hupac
