With the acquistion of Loconi, Baltic Hub, a joint venture (JV) between PSA, the Polish Development Fund (PFR) and IFM Investment Fund, is poised to supplement its rail product offerings originating from Gdansk.
PSA International (PSA) subsidiary, PSA Baltics N.V., has agreed to acquire an 85% majority stake in Loconi International S.A. on Aug 10. The stake was acquired from the publicly traded Polish freight forwarder, ATC Cargo S.A.
Loconi is one of Poland's leading intermodal operators established in 2011 that provides logistics solutions for shipping companies and freight forwarders that integrate rail transport, last mile rail transport and depot services for containerised cargo.
