Düsseldorf, 10 August 2023 - TX Logistik AG, a company of the Mercitalia Group, which bundles the logistics activities of the Italian state railway FS Italiane Group, acquires Exploris Deutschland Holding GmbH, Hamburg, and thus becomes the second largest rail transport company in Germany.
The companies of Exploris Deutschland Holding GmbH also include Via Cargo, HSL Logistik and Delta Rail, which are active in rail freight transport in eight European countries. The company currently operates around 240 trains per week for the transport of steel, gypsum, agricultural products, automobiles, construction machinery or mineral oil products for numerous industrial and logistics customers. With the Exploris takeover, the number of employees at TX Logistik will increase by 500 to a total of 1,200. The fleet will in future consist of 91 TX locomotives and 75 from Exploris. Turnover will also grow and could exceed 500 million euros.
The acquisition is still subject to regulatory approval.
A team of industry and M&A experts from the law firm TIGGES provided comprehensive legal and tax advice to the owners of Exploris Deutschland Holding GmbH throughout the entire sale process. This included the support of an intensive and complex bidding process and a preparatory reorganisation of the group to create the final transaction structure. Companies from six jurisdictions were involved in the transaction, which was also supported by foreign law firms of the ICLA network. The International Commercial Law Alliance (ICLA) is a strategic network of law firms worldwide, of which TIGGES has been a member for many years.
Background
The Rail competence team of TIGGES has already been working for the companies of Exploris Deutschland Holding for many years. The combination of in-depth industry expertise in the rail sector with powerful internal M&A competence was decisive for the owners to also work with TIGGES on the sale of their shares.
Advisoring team TIGGES Rechtsanwälte
Lead team
- Klaus-Peter Langenkamp (Rechtsanwalt, Partner, Transport- und Logistikrecht / Kompetenzteam Rail – Düsseldorf)
- Dr. Georg Jaster (Rechtsanwalt, Partner, Corporate, Arbeitsrecht / Kompetenzteam Rail – Düsseldorf)
- Christian Schon (Rechtsanwalt, Salary Partner, Corporate / M&A – Düsseldorf)
Additional team
Georg Schmidt (Rechtsanwalt, Partner, Steuern – Düsseldorf); Dr. Dominik Wagner, LL.M. (Rechtsanwalt, Partner, Corporate / M&A – Düsseldorf); Dr. Christiane Wiegand (Rechtsanwältin, Salary Partnerin, Steuern – Düsseldorf); Tomasz Baron, LL.M. (Radca Prawny, Polish Desk, Corporate / M&A – Katowice); Janina Schmitt (Rechtsanwältin, Associate, Corporate / M&A – Düsseldorf); Kim Lif Rademacher (Rechtsanwältin, Associate, Commercial / Corporate – Düsseldorf); Marie Theresa Geuting (Rechtsanwältin, Associate, Arbeitsrecht – Düsseldorf); Sebastian Keilholz, LL.M. (Rechtsanwalt, Salary Partner, IP – Düsseldorf); Patrick Jörg Kaatz (Rechtsanwalt, Associate, IP – Düsseldorf)
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