The Hamburg based wagon hire and rail logistics company VTG has acquired 300 wagons from its Italian competitor Sogerent, a company of Sogetank.
VTG aims to continue its course of growth by expanding its market position in Italy.
The contracting parties have agreed not to disclose the purchase price.
Dr. Heiko Fischer, CEO of VTG AG said:
“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.”
Besides several freight wagons, the acquisition mainly involved rail tank cars for mineral oils, chemical products and compressed gases, which are hired out in Italy, Switzerland and Eastern Europe.
The Sogerent business will be completely integrated into VTG Italy in Milan.
