NH Partners has advised Waberer's International on its acquisition of a 51% stake in Petrolsped.
The Petrolsped Group is a logistics service provider in Hungary. It provides rail logistics services mainly in Hungary and Romania, either directly or through its subsidiaries Pultrans and PSP Cargo Romania. It is currently in the final phase of the construction of a modern intermodal terminal in the southern part of Hungary, which could represent an optimal basis for supporting intermodal transport between the Balkans and Western Europe.
Waberer’s is a road transport company in Hungary and a significant road freight transport player in Europe, operating a fleet of 3,500 trucks. It has a presence in Belgium, Germany, France, Italy, the Netherlands, Poland, and the UK.
"With the acquisition of Petrolsped, Waberer's takes a significant step towards building a multimodal service portfolio, will further broaden its service portfolio, develop its rail logistics capabilities, and enter the specialized logistics segment that currently predominantly uses rail services, like agricultural and construction products," Waberer's International Chairman and CEO Zsolt Barna commented. "The move will also bring Waberer's closer to EU’s strategic directions to increase the share of long-distance transport by rail."
The NH Partners team included Managing Partner Gabor Hollos and Counsel Emese Szitasi.