APMT closes sale of UK truck/terminal unit to G&W

APMT closes sale of UK truck/terminal unit to G&W

In addition to trucking and terminal services, Pentalver is a seller of new and used shipping containers.

LONDON — APM Terminals, the Maersk Group’s port arm, has completed the sale of Pentalver, a UK trucking and container terminal company, to US rail freight operator Genesee & Wyoming (G&W).

The 87-million-pound ($112 million) deal ends the company’s European inland transport operations as it focuses on boosting profits at its container terminal business, which is facing slow market growth.

Pentalver operates off-dock container terminals at the ports of Felixstowe, Southampton, London Gateway, and Tilbury, and an inland terminal in Cannock, in the UK Midlands, close to many of the country’s largest distribution hubs.

The company, which Maersk acquired in 1995, also has a fleet of more than 150 trucks providing a daily service between Cannock and container terminals in Felixstowe and Southampton.

Southampton-based Pentalver, which has a 600-strong payroll, also provides container maintenance and repair services and is one of the biggest sellers of new and used containers in the United Kingdom.

“Pentalver’s operations are complementary to those of G&W’s Freightliner service, which is the largest provider of maritime container transportation by rail in the United Kingdom,” G&W said.

The acquisition will also improve efficiency and enhance asset utilization from Pentalver’s trucking fleet and Freightliner’s 250-truck operation that currently provides local collection and delivery haulage from Freightliner’s inland terminals, G&W said.

Freightliner, the UK’s second-largest rail freight company, which G&W bought from Bahrain-based Arcapita for 490 million pounds in 2015, acquired ERS Railway, the pan-European intermodal rail operator, from Maersk Line in mid-2013.

Freightliner’s European operations include heavy-haul traffic in Poland and Germany, intermodal services connecting North European seaports with key industrial regions in Germany, and regional rail services in Belgium and the Netherlands.

Contact Bruce Barnard at brucebarnard47@hotmail.com.