2 minute read | August.21.2023
Orrick has advised TX Logistik AG on the acquisition of Exploris Deutschland Holding GmbH. Exploris – after a corporate restructuring to be carried out between signing and closing of the transaction – will become the ultimate holding company of Hamburg-headquartered Exploris Group, a European rail freight transportation company active in the logistics and railway sector with subsidiaries in Germany, Poland, Austria, Belgium, the Netherlands, Czech Republic and Switzerland. Group companies of Exploris include, amongst others, Via Cargo, HSL Logistik and Delta Rail.
TX Logistik with headquarters in Troisdorf, North Rhine-Westphalia, is a rail transport company with connections in eleven European countries, having subsidiaries in Switzerland, Austria, Denmark and Sweden. It is wholly owned by Mercitalia Logistics S.p.A., a subsidiary of Ferrovie dello Stato Italiane S.p.A., Italy’s national state-owned railway holding company.
Closing of the cross-border transaction is subject, amongst others, to merger clearances by the German, Polish and Austrian competition authorities.
TX Logistik was advised by an Orrick team led by partners Wilhelm Nolting-Hauff and Stefan Renner (co-lead Germany) and Pietro Merlino (lead Italy) and further included Oliver Duys, Carolin Ostendorf, Johannes Niegemann, Marco Dell'Antonia, Federico Urbani, Lars Mesenbrink, Julia Fabian, Benedikt Kamann, André Zimmermann, Marianna Karapetyan, Stefan Schultes-Schnitzlein, Patrik Marten and Robert Weinhold from our offices in Düsseldorf, Munich, Milan and Rome.
The inhouse legal team of the Ferrovie dello Stato Italiane Group that worked on the transaction included Maria Antonietta Giannelli, Katia Babusci and Nicolò Del Dottore (Ferrovie dello Stato Italiane) as well as Giovanni Battista Nuzzi, Andrea Di Marzo e Marina Sonni (Mercitalia Logistics).