DARIEN, CT/SOUTHAMPTON, UK: December 13, 2016. APM Terminals is to sell container trucking subsidiary Pentalver to U.S. railroad operator Genesee & Wyoming (G&W) for US$110 million subject to regulatory approval.
Part of the A.P. Moller-Maersk Group since 1995, Pentalver handled one million TEU last year from off-dock container terminals at Felixstowe, Southampton, London Gateway and Tilbury, as well as from an inland terminal at Cannock, in the U.K. Midlands and near many of the country's largest distribution centers.
In addition to providing container transport, loaded and empty container storage, repair facilities, and a 24/7 refrigeration service, the company also operates 150 trucks to provide daily services between Felixstowe, Southampton and Cannock.
"The acquisition of Pentalver is an excellent strategic fit with our existing intermodal offering in the U.K," said Jack Hellmann, G&W president and CEO. "With the advent of larger container ships and the growth of distribution centers in the Midlands and throughout the U.K., our maritime intermodal customers are seeking greater service optionality, which includes not only rail and road transportation but also the ability to store, maintain and position containers."
Last year G&W bought Freightliner for US$490 million – adding to a network of short line and regional railroads in the U.S, Canada, the Netherlands, Belgium and Australia.
Freightliner is the largest rail maritime intermodal operator in the U.K. providing container services from Felixstowe, Southampton, London Gateway and Tilbury to a network of 13 inland terminals.
G&W owns or leases 122 freight railroads in 41 U.S. States and four Canadian provinces; in New South Wales, the Northern Territory and South Australia; in Poland and Germany; and cross-border intermodal services connecting Northern European seaports with industrial regions throughout the continent.