GWI; OmniTRAX affiliate mark acquisitions to their networks

摘要

Genesee & Wyoming Inc. (GWI) and OmniTRAX bulked up their shortline portfolios with plans to acquire separate companies. GWI agreed to acquire approximately 95 percent of the shares of Freightliner Group Limited from Arcapita and other shareholders for cash consideration of approximately £490 million (US$755 million at current exchange rates) and to assume approximately £8.5 million (US$13 million) in net debt and capitalized leases. Members of the existing Freightliner management team will retain an approximate five percent ownership interest with GWI to own 100 percent by mid-2020. The acquisition is expected to close during the first quarter of 2015.