The European Commission has cleared under the EU Merger Regulation the creation of a joint venture between Samskip Holding B.V. ("Samskip") of the Netherlands, Duisburg Hafen AG ("Duisport") and TX Logistik AG ("TX Logistik"), both of Germany. The inception of the Ziel Terminal joint venture was initiated by the three companies back in March, with the Commission's approval remaining pending until now. Under the new structure, Samskip will retain a 49.8% stake in the venture, while TX Logistik and Duisport will each hold a 25.1% stake.
The newly approved joint venture will manage operations at the Krefeld-Uerdingen bimodal rail/road terminal, known as the Target Terminal, located in Duisburg. Samskip, a globally recognized logistics company, is known for its comprehensive transport and related services by land, sea, rail, and air. Duisport, the owner of the Ziel Terminal, is responsible for managing the Port of Duisburg and other terminals within a 200km radius of the Ziel Terminal. TX Logistik, a major European rail logistics company, further strengthens the expertise of the consortium.
The European Commission's in-depth investigation found that the proposed joint venture would have minimal impact on competition due to its limited market influence. Even before the European Commission's approval, Samskip and TX Logistik have started to implement new rail freight services to serve the Logport III terminal.
