Waberer’s Group acquired a majority in a railway logistics company

Waberer’s International has completed the acquisition of the majority, 51 percent stake in the Petrolsped Group, thus entering the special freight segment, which currently mainly uses railway services (e.g. agricultural products, construction products), with the acquisition of one of Hungary’s leading railway logistics service companies. With the transaction, Waberer’s Group takes a significant step towards building its multimodal service portfolio and developing its railway logistics capabilities. Thanks to this move, the domestic market-leading complex logistics service provider better meets the European Union’s requirement that long-distance transport tasks should be carried out by rail as much as possible. Through the integration of Petrolsped’s experience, customer portfolio and assets, Waberer’s will have all the necessary capabilities to become a competitive and significant player in the domestic and regional rail-based logistics market.

Petrolsped’s dominant market position is shown by the fact that it was among the TOP 3 players in terms of railway company sales in recent years. The Group – partly with its own railway vehicles – mainly focuses on the territory of Hungary and Romania and provides fixed track transport services directly and through its subsidiaries (Pultrans and PSP Cargo Romania).