Freightliner, the United Kingdom’s second largest rail freight operator, today announced its acquisition of ERS Railways, the pan-European intermodal rail company, from ocean carrier Maersk Line.
The companies did not disclose financial terms of the transaction, which is subject to regulatory approval.
As part of the deal, Rotterdam-based ERS has signed a long-term contract to provide services for Maersk Line.
ERS, which was established in 1994, runs intermodal services from major European ports, including Rotterdam, Hamburg and Bremerhaven, to destinations in Italy, Poland, Germany, Switzerland, Austria and the Czech Republic.
The company operates 16 multi-system electric locomotives for cross-border services and 550 intermodal container and tank wagons. It has a 47 percent stake in boxXress.de, a German port-based intermodal operator. It serves over 450 customers, including freight forwarders, ocean carriers and logistics providers.
“The acquisition of ERS is a very good fit with our growth strategy and further extends our profitable footprint, following our successful entry into the Polish and German bulk haul markets over the last seven years and our entry into Australia in 2009,” said Peter Maybury, Chief Executive of Freightliner.
“This new set-up provides us with the opportunity to continue our long-term contractual relationship with both companies as well as to develop our key European markets,” said Sore Toft, Vice President of Maersk Line.
Freightliner, which operates over 200 locomotives and 5,000 rail cars and employs 2,100 staff, generates more than £360 million ($562 million) in annual revenue. It is owned by Bahrain-based Arcapita.