Freight operators VTG Aktiengesellschaft and Kuehne + Nagel have been given the green light by antitrust authorities to complete a merger of their rail transport operations.
The joint venture, which will launch on January 1 next year, will allow both companies to expand their reach across Europe.
The move will mean VTG Rail Logistics will have operational centers in ‘the most important markets of Europe’.
VTG Aktiengesellschaft has said the merger will also allow it to expand its services in the transport of certain industrial, agricultural, and petrochemical goods.
Dr Heiko Fischer, chief executive of VTG Aktiengesellschaft, the joint venture’s majority shareholder, said: “With the merging of our operations, we are further consolidating our position as Europe’s largest rail logistics company.”
