December 15 - APM Terminals has reached an agreement to sell UK based container-related services provider Pentalver to US based railroad operator Genesee & Wyoming.
The transaction is subject to customary closing conditions, which are expected to be fulfilled in the first quarter of 2017, said a statement.
Headquartered in Southampton, Pentalver operates off-dock container terminals at the ports of Felixstowe, Southampton, London Gateway and Tilbury, as well as an inland off-dock terminal located at Cannock in the Midlands.
The company also provides haulage services between UK seaports with over 150 trucks, as well as container maintenance and repair.
Pentalver says that its operations complement those of G&W's subsidiary Freightliner, which provides maritime container rail transportation services in the UK.
G&W expects that the Pentalver acquisition will enable it to enhance its UK services by providing rail and road transportation solutions, as well as offering storage options at the ports and inland.
With approximately 600 employees, Pentalver will continue to be run by its current managing director Chris Lawrenson, and will operate as part of G&W's UK/Europe region.
