Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced today that its
subsidiary, GWI UK Acquisition Company Limited, has completed the
acquisition of all of the issued share capital of Pentalver Transport
Limited (Pentalver) from a subsidiary of APM Terminals (a subsidiary of
A P Møller-Maersk A/S).
Headquartered in Southampton, U.K., Pentalver operates off-dock
container terminals (most under long-term lease) strategically placed at
each of the four major seaports of Felixstowe, Southampton, London
Gateway and Tilbury, as well as an inland terminal located at Cannock,
in the U.K. Midlands, near many of the nation’s largest distribution
centers. In addition to providing storage for loaded and empty
containers on over 100 acres of land, Pentalver also operates a trucking
haulage service with more than 150 trucks, primarily providing daily
service between the seaports of Felixstowe and Southampton and its
inland terminal at Cannock. Pentalver also provides services related to
container maintenance and repair (including refrigerated containers) and
is one of the largest sellers of new and used containers in the U.K.
Pentalver’s operations are complementary to those of G&W’s Freightliner
subsidiary, which is the largest provider of maritime container
transportation by rail in the U.K. G&W expects that the Pentalver
acquisition will enable G&W to (i) enhance its U.K. services by
providing rail and road transportation solutions, as well as offering
storage options at the ports and inland, and (ii) unlock efficiencies
from shared services and enhanced asset utilization from Pentalver’s
trucking fleet and Freightliner’s existing fleet of approximately 250
trucks that currently provide local collection and delivery haulage from
Freightliner’s inland terminals.
With approximately 600 employees, Pentalver will continue to be run by
its current Managing Director, Chris Lawrenson, and will operate as part
of G&W’s U.K./Europe Region, led by Russell Mears.
About G&W
Genesee & Wyoming owns or leases 122 freight railroads worldwide that
are organized in 10 operating regions with approximately 8,000 employees
and 3,000 customers.
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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 track-miles.
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G&W’s Australia Region provides rail freight services in New South
Wales, including in the Hunter Valley coal supply chain, 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.
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G&W's U.K./European 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,
intermodal services connecting Northern European seaports with key
industrial regions in Germany, and regional rail services in the
Netherlands and Belgium.
G&W subsidiaries provide rail service at more than 40 major ports in
North America, Australia and Europe and perform contract coal loading
and railcar switching for industrial customers.
For more information, visit gwrr.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Genesee &
Wyoming's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of
such risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report or Form 10-K for the most
recently ended fiscal year.
Genesee & Wyoming Inc., Darien, Connecticut
Michael Williams, 1-203-202-8900
Corporate Communications
mwilliams@gwrr.com