The Bavarian based ARS Altmann AG, one of the leading medium-sized companies in the automotive logistics sector in Europe, sold the rail freight company, PCT Private Car Train GmbH (PCT), to the Austrian Federal Railways (ÖBB). King & Wood Mallesons (KWM) acted as legal advisor to ARS Altmann AG.
The signing of the sale of PCT to ÖBB occurred on 4 March 2016. Since April 2016, the PCT has operated as part of the Rail Cargo Group under the name "Rail Cargo Carrier - PCT".
PCT, founded in 2002 and based in Wolnzach, Bavaria, has 60 employees and annual sales of EUR 30 million. Services of the German rail freight company include switching services, last mile logistics and national long-distance transport.
ARS Altmann AG operates 18 distribution centers worldwide and employs approximately 1,000 people. In addition, ARS Altmann AG has 450 special trucks and 2,500 double-deck coaches, 1,100 of which are closed wagons.
The KWM team lead by partner Thomas Pauls has particular expertise advising medium-sized companies and has a longstanding relationship with ARS Altmann AG.
Advisor to ARS Altmann AG:
King & Wood Mallesons, Germany
Corporate/M&A:
* Thomas Pauls (lead partner, Munich)