Waberer’s signed a strategic memorandum of understanding with GYSEV and GYSEV CARGO

According to the information, in December 2024 The acquisition of majority ownership in GYSEV CARGO, announced on the 23rd, could not be completed by the planned deadline due to the lack of the necessary financing approval (EIB).

The parties still believe that the original business objectives of the transaction are value-creating and feasible, therefore, on Thursday they signed a memorandum of understanding, according to which they will examine the possibilities of implementing the purchase transaction and the business structure and schedule under which they can implement mutually beneficial business developments.

In the information, Zsolt Barna, President and CEO of Waberer’s, highlighted that Waberer’s has placed significant emphasis on developing its multimodal logistics capabilities in recent times. As a first step, in 2024 they acquired a majority stake in the PSP group, which provides rail logistics services.

He added that in the future, the Waberer’s group will play a key role in the rail, road and warehouse logistics services of the new industrial centers in Debrecen and Szeged that have already been handed over or are about to be handed over. Negotiations are also underway on the transport of products of Far Eastern e-commerce service providers to Europe by rail, and on the rail logistics connection of air freight. In addition to the GYSEV CARGO transaction, the company is continuously investigating the possible acquisition of additional domestic and regional rail logistics service providers.

The Waberer’s group is a leading European road logistics company with its own fleet and the leading comprehensive logistics service provider in Hungary. It operates a modern fleet of approximately 2,800 trucks, 18 locomotives and more than 1,000 rail cars, as well as more than 160 buses. It manages approximately 250 thousand square meters of modern warehouse space, thus having the largest logistics capacity in the region.

The consolidated sales revenue of the Waberer’s group increased by 6.5 percent to 757.5 million euros in 2024, and its operating profit (EBIT) increased by 5 percent to 45 million euros.

Waberer’s shares are listed in the premium category of the Budapest Stock Exchange. Over the past year, the group’s shares have traded between 3,550 and 5,420 forints.