VTG: A partnership has been formed with Waggon Service which will enable the Hamburg-based rolling stock leasing firm VTG to expand its maintenance support activities in Poland. Waggon Service is a subsidiary of Transwaggon, in which VTG has a 50% stake.
VTG has previously worked with Millsharp in Poland, but that company is to cease operations with the retirement of owner Seiji Kamide at the end of the year.
GERMANY: Hamburg-based wagon leasing company VTG AG will be listed on the SDAX index from September 22 2008, Deutsche Börse decided on September 3. VTG said that it will be amongst the 110 largest listed companies in Germany based on share trading volume and freefloat market capitalisation, excluding the 30 ...
GERMANY: Leasing firm VTG announced an agreement to acquire the wagon manufacturing assets of Graaff Group on July 29. Graaff had filed for insolvency in March, owing to 'difficulties in handling a large order and the tight liquidity situation.' Graaff's wagon plant at Elze near Hannover has an annual ...
HAMBURG-based wagon leasing company VTG has announced its entry into the North American market with the acquisition of Texas Railcar Leasing Co. An agreement was reached with the family-owned business in December, with the transaction expected to be completed early this year. Financial terms were not disclosed. Founded 20 years ...
