Re: EWS und DB

Am Thu, 28 Jun 2007 09:55:46 UTC, schrieb Mike Roebuck
<mike.roebuck@xxxxxxxxxxx> auf uk.railway :

Announcement expected today:

at the press conference here in Frankfurt at noon (local time).
There is a press release by Deutsche Bahn in German, English, and
Spanish (maybe French, too) whose English text was also published at
the EWS website, and in English and Spanish at the Transfesa website.
At EWS there was no obvious sign that this was a DB press release, at
Transfesa's it appeard as PDF files with DB letterhead.

Here is the text:

<quote>

Deutsche Bahn plans takeover of EWS and Transfesa
Thursday 28 June 2007

Following the approval of the Supervisory Board of Deutsche Bahn AG
granted at yesterday's meeting, the company plans to take over the
entire shares in English Welsh & Scottish Railway Holding Limited
(EWS) and acquire a majority share in the Spanish company Transportes
Ferroviarios Especiales (Transfesa). Once the contracts have been
signed and the approval of the relevant authorities obtained, the
acquisition of these two companies will consolidate DB's leading
position as a global player in the transport market, especially in the
rail freight sector in Europe. As a result of this move, DB Logistics
will extend its central corridors in Western Europe and will be able
to develop even better products for its customers as a one-stop shop.


"The transport and logistics industry is booming. Only companies which
can offer their own network and consistently high quality standards
will be able to succeed in that market. The climate-friendly rail mode
still is and will remain our core business," explained Hartmut
Mehdorn, CEO and Chairman of the Management Board of Deutsche Bahn AG.
Looking at the stagnant, loss-ridden rail freight transport markets
in many European countries, Mehdorn claimed that de facto
liberalisation of the rail network was a crucial requirement for
growth and economically efficient operations. He pointed out that
Germany was a perfect example of how open access to the network, which
is used by more than 330 rail companies, could lead to a substantial
increase in rail traffic, and added that DB AG would continue to
encourage European liberalisation in future.

DB Logistics Chairman Norbert Bensel stressed the growing business
potential for the company resulting from this new constellation: "The
expansion of our Europe-wide network is our answer to the increasingly
complex demands of our customers. EWS and Transfesa will enable us to
close important gaps in the DB Logistics rail freight network. As a
result, we shall be better equipped in future to offer our customers
attractive products."
Following the takeover of the two companies, DB Logistics will have
direct links to the transport and logistics markets in Western and
Southern Europe and will thus strengthen the south-west corridor. The
integration is intended to lead to a noticeable boost in rail's market
share in Europe and raise product quality. DB Logistics, EWS and
Transfesa complement each other ideally, especially in the rail
logistics, automotive, industrial and bulk goods segments.

Moreover, DB Logistics hopes that this acquisition will improve its
business position in France, where EWS is already represented by its
subsidiary Euro Cargo Rail. At the same time, DB'S avowed aim is to
continue its close cooperation with SNCF, which is already successful
in the single wagonload segment, and win a higher volume of transport
for rail by offering attractive products.

EWS - the largest British freight railway and one of the largest
freight transport companies in Europe - specialises in trainload
transport in the energy industry, industrial freight and building
materials segments. Its business activities in the United Kingdom and
its emergent market position in France make EWS an excellent
complement to DB Logistics. "We can build on the platform we have
created in the UK and France for rail freight growth, offering our
customers a comprehensive European rail freight network", said EWS
Chief Executive Keith Heller. "This agreement between DB and EWS will
allow greater volumes to be moved by rail." With a workforce of around
5000, the company generated revenues of approx. EUR 770 million last
year.

The Spanish company Transfesa is a global provider of transport and
logistics services specialising in rail and road transports in the
automotive, bulk goods and general cargo segments. "This operation
will boost rail freight sector on the Iberian Peninsula, will
contribute to the process of liberalisation in this part of Europe and
will enable Transfesa to take forward its international strategy
improving its offer and quality of service to the client", said
Transfesa General Director Luis del Campo. Thanks to its excellent
coverage of the Iberian economic area as well as its gauge changeover
facilities, Transfesa will provide DB Logistics with ideal access to
the south-west corridor. The company currently has around 1100
employees and generated revenues of approx. EUR 290 million last year.


</quote>


Cheers,
L.W.


.

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