Temasek-backed PSA International, via its Baltics business, is acquiring an 85% stake in intermodal operator Loconi International from Polish freight forwarder ATC Cargo for an unspecified amount.
Established in 2011, Loconi provides logistics solutions for shipping companies and freight forwarders that integrate rail transport, last-mile road transport and depot services for containerised cargo.
PSA Baltics expects the acquisition to help strengthen the Baltic Hub Container Terminal’s hinterland network and expand its market reach in Central and Eastern Europe, while also offering customers additional options to shift from road to rail. Baltic Hub, a deep-sea terminal in Gdansk, is a joint venture between PSA, the Polish Development Fund and IFM Investors.
Vincent Ng, regional CEO of PSA Europe & Mediterranean and PSA Middle East South Asia, said: “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.”
Lidia Dziewierska, CEO of Loconi Intermodal, said: “Our intention was to find a long-term partner who would support us onward in our exciting journey to enable the shift from road to rail. For years, we have paid special attention to developing effective rail-based transport solutions which can serve as a true alternative to road transport, and thus genuinely add value to the ecosystems of our customers, partners and local communities.
“We believe 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.”
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