Bertschi invests in SBB Cargo alongside partner firms - more sustainability in freight traffic shall be realized(PresseBox) (Dürrenäsch, )
In September 2018, the state-owned Swiss rail company SBB communicated its intention to identify partners for a minority investment in its rail freight business. SBB strives to shift the market positioning of SBB Cargo towards more entrepreneurship. Accordingly, SBB Cargo was positioned as independent group company within SBB Group on January 1, 2019.
The Swiss logistics firms Planzer, Camion Transport, Galliker, and Bertschi move significant volumes in the Swiss and international road and rail freight transportation markets. They have a mutual interest in a sustainable modal split between rail and road as well as in a competitive Swiss rail freight market offering. Therefore, the four companies decided to pursue an equity participation in SBB Cargo through the joint entity Swiss Combi.
The four family businesses plan to further improve competitiveness and profitability of SBB Cargo and, thereby, to positively contribute to a sustainable and environmentally friendly modal split in the freight traffic market.
SBB and Swiss Combi are convinced to be the right partners for the successful advancement of SBB Cargo. The 35 percent equity participation of Swiss Combi and the corresponding minority shareholder rights shall ensure a partnership-driven market development of the rail freight business. SBB will remain majority shareholder of SBB Cargo with a 65 percent stake. The Board of Directors of SBB Cargo will be constituted by three representatives of SBB, two representatives of Swiss Combi, and one independent Board Member.
Bertschi group, a pioneer in sustainable transport solutions, moves 80 percent of its European freight volumes via intermodal transport by rail. Bertschi plans to utilize its decade-long experience in intermodal transport to achieve positive development impacts for SBB Cargo as well as a sustainable modal split in Switzerland, in Europe, and worldwide. These plans shall further contribute to the achievement of challenging climate targets in freight transportation.
Closing of the transaction is subject to approval of the relevant antitrust authorities, foreseen to be granted in spring 2020. The parties agreed not to disclose the value of the transaction.
About SBB Cargo AG
SBB is market-leading in the Swiss cargo traffic market by producing roughly one quarter of the Swiss freight transportation output. SBB cargo accounts for almost 16% of this total and connects the various economic regions of Switzerland through its rail offering. SBB Cargo moves 29.8m net tons of cargo annually in wagonload traffic, company trains, and intermodal traffic offerings within Switzerland – equaling the tonnage of 10,000 full truck loads per day. SBB Cargo International AG is the leading provider of transalpine rail freight services through Switzerland, with a market share of 38.1%.
SBB Cargo generated revenues of 742m Swiss Francs in 2018. Its equipment fleet encompasses 5,324 freight wagons, 313 mainline locomotives, and 76 shunting locomotives. SBB Cargo was founded in 1999 as subsidiary of SBB and currently has 2’275 employees in its Swiss operations. The company is headquartered in Olten.
About Swiss Combi AG
Swiss Combi AG is a joint venture formed by the four Swiss logistics companies Planzer Holding AG, Camion Transport AG, Galliker Holding AG and Bertschi AG. Through a minority stake in SBB Cargo AG, the company strives to ensure a successful and competitive market offering in the Swiss rail cargo transportation market. Consequentially, the modal shift from road to rail shall be further accelerated. Outside Swiss Combi AG, the four logistics service providers will remain independent of each other.