After a successful cooperation in the following two years, RIG and Reichmuth have decided to join forces and further strengthen the partnership, with Reichmuth Infrastructure transferring its stake to 49% directly into the group's holding company.
"I am delighted to extend the partnership we started with Reichmuth in 2021 to now include the other companies in our group," says Julian Remie, CEO of Rail Innovators Group. "Since the start of our collaboration, we have made great strides in developing our business and successfully expanding our market presence, despite challenging market conditions. With our combined expertise and entrepreneurial approach to the market, I am confident that we can continue to realise our growth ambitions and capitalise on the growing demand for rail freight as one of the leading rail integrators in the sector."
The acquisition will be structured through one of Reichmuth's infrastructure investment vehicles, CargoRoll Holding AG, which aims to strengthen its position as a railway integrator and further expand into the various segments of the railway industry.
"As a long-term investor with extensive experience in the rail industry, we believe RIG is uniquely positioned to become a driving force in facilitating the intended shift from road-2-rail needed to achieve the targets postulated under the EU's Green Deal," said Stefan Hasenbӧhler, CEO of Reichmuth Infrastructure.
