PSA International (PSA), through its subsidiary PSA Baltics N.V., has signed an agreement to acquire an 85 per cent majority stake in Loconi International S.A. (Loconi), one of Poland’s leading intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo S.A.
With this strategic move, PSA will be able to develop new rail products to support the growth of our European container hubs, thereby offering our customers additional options besides road transportation. With this acquisition, we will also enhance existing hinterland connections from Baltic Hub Terminal in Gdańsk, Poland and extend the port’s reach into new markets in Central and Eastern Europe. The transaction is still subject to approval from the relevant authorities.
Regional CEO Europe & Mediterranean and Middle East South Asia Vincent Ng said, “As we welcome Loconi into the PSA family, we are excited about the potential for positive impact this acquisition will bring to our joint operations as well as the wider logistics industry in Poland, Eastern and Central Europe. Loconi will play an important part in our Node-to-Network strategy in going beyond terminal services and growing our role as a port ecosystem player, through the development of port-adjacent services, such as intermodal connectivity and digitalisation. This move underscores our commitment to innovation and superior customer service, paving the way for a more interconnected and efficient port and supply chain network in the region.”
Source: PSA International
