The French group SNCF announced on Tuesday the acquisition of Takargo, a subsidiary of the Mota-Engil group, without advancing commercial values.
As indicated in a press release, Takargo will be integrated into the Captrain network, a player in rail transport and logistics in Europe, integrated into Rail Logistics Europe, the division of the SNCF group dedicated to logistics and rail freight.
This acquisition, which is still subject to the validation of the competition authorities, demonstrates “the confidence of the management of Rail Logistics Europe in the market potential of Portugal, which is mainly based on the dynamism of its main ports”, specifies the group, noting that “it is a strong message that echoes the efforts of the Portuguese government to support rail freight transport, in particular with the construction and modernization of the rail network, but also the ambitions of the SNCF group in terms of ecology”.
Takargo was created in 2006 as part of the liberalization of the freight transport market on the European rail network, becoming the first private rail freight operator in Portugal.
As part of its development strategy, the company extended its activity to cross-border traffic with Spain in 2009 with the creation of Ibercargo, a joint venture held with Captrain España, which developed a position on the Spain corridor -Portugal.
In 2021, Takargo achieved a turnover of 16 million euros, with more than 100 employees.
The companies also state in the same memo that integrating Takargo into a European company “will accelerate its development, strengthening the company with cross-selling opportunities resulting from Captrain’s extensive geographic network and extensive customer and service portfolio.”
“With Takargo, Captrain intends to continue the development of its network and strengthen its position in the Iberian Peninsula, capitalizing on a successful 13-year partnership between the Portuguese company and Captrain España. Takargo will also allow us to support the need for exempt solutions of carbon in the Atlantic corridor for the conventional and combined traffic of our customers”, indicates Frédéric Delorme, president of Rail Logistics Europe, quoted in the press release.
The acquiring company ensures that the change of shareholder will not lead to any change in the company’s operating model.
“Takargo’s current team has demonstrated its ability to effectively manage the business to meet the business needs of industrial customers and logistics operators, which it will continue to do. The company will continue its national and international development based on its integration into the European Captrain network. “, he underlines.