The private shareholders of Crossrail AG have sold a majority stake in the company to Rhenus SE & Co. KG. The parties have agreed not to disclose the purchase price of the stake.
Crossrail is a rail freight traction company operating block trains on a variety of relations, mainly on the corridors Benelux–Italy and Benelux–Germany. It is one of the few remaining players in Europe that are independent from government-owned rail service companies.
The Rhenus Group is one of Europe's leading logistics service companies with a turnover of US$4 billion. Rhenus has business locations at 350 sites and employs 24,000 people.
The current shareholders LKW WALTER, Hupac, Le Jeune Capital Partners, Bertschi and MSC will continue to maintain their holdings in Crossrail AG. The company headquarters, the management team and the firm’s name will remain unchanged.
Oaklins' team in Switzerland supported the board of Crossrail AG in the approach of potential buyers, the due diligence process and the structuring of the transaction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.