Singapore’s PSA International subsidiary PSA Baltics N.V. has sealed a deal to acquire an 85% majority stake in Loconi International S.A. (Loconi), one of Poland’s intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo S.A.
Loconi runs 220 trains every month across five corridors in Poland and handles approximately 250,000 TEUs each year.
The port operator said that this move aims to develop new rail products to support PSA’s European container hubs.
PSA also pointed out that with this acquisition it intends to enhance existing hinterland connections from Baltic Hub Container Terminal in Gdansk, Poland and extend the port’s reach into new markets in Central and Eastern Europe.
Baltic Hub, a joint venture between PSA, the Polish Development Fund (PFR) and IFM Investment Fund, is an expanding deepsea terminal in Gdansk, Poland. Its rail terminal currently handles more than 500 trains each month.
“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,” said Vincent Ng, regional CEO of PSA Europe & Mediterranean and PSA Middle East South Asia.
From her side Lidia Dziewierska, chief executive officer of Loconi Intermodal, noted: “We believe that PSA is an excellent partner to ensure that these Loconi values remain relevant and that all intermodal stakeholders take better advantage of the untapped potential of rail transport in this part of Europe.”
The deal is subject to approval from the relevant authorities.
