EUROPORTE announces the acquisition of a majority stake in ELECTROFER

EUROPORTE announces the acquisition of a majority stake in ELECTROFER, a company specialising in the processing of new rails and the reloading of used rails.

Lille (59) and Quédillac (35),

Europorte, a subsidiary of Getlink group and a major player in rail freight and rail infrastructure management in France, announced the signing of an agreement to acquire, through its subsidiary Socorail, 67% of the shares in Electrofer, a company specialising in rail processing to ensure the correct curvature required for future assembly, as well as the reloading of worn rails on all railway construction sites in France.

Through this acquisition, Europorte is expanding its infrastructure management activities, opening up new opportunities.

Electrofer has eight employees and generates annual revenue of €2.5 million. The company, based in Quédillac (35), has recognised expertise and specialised equipment for railway works on the French national rail network.

The company will be chaired by Raphaël Doutrebente, President of Europorte, and Anne-Sophie Corvaisier will continue to serve as Chief Executive Officer.

This transaction will help bring new momentum to both companies in a rapidly growing field, as well as new opportunities for development.

The CORVAISIER & CIE holding company, represented by Anne-Sophie Corvaisier, will retain a 33% stake in the company, enabling it to continue to support its growth.

“Thanks to Electrofer's expertise, Europorte is expanding its range of services in railway maintenance and installation works. The addition of specific know-how is a further step in our development strategy,” said Raphaël Doutrebente, President of Europorte.

“The acquisition of a majority stake in Europorte is a sign of dynamism and growth for us. By joining Europorte, we are confident that we will be able to strengthen our skills and create synergies that will benefit our customers.” added Anne-Sophie Corvaisier, Managing Director of Electrofer.

About Europorte

Europorte, a subsidiary of Getlink, is the first 100% private rail freight operator. Europorte operates across the entire rail freight logistics chain in Europe and offers its customers a 24/7 rail traction service for mainline goods trains via Europorte France, as well as infrastructure management via Europorte Services. The men and women of Europorte are committed to their customers on a daily basis to provide a service based on four fundamental values: safety, quality, punctuality and innovation.

www.europorte.com

About Electrofer

Electrofer specialises in the treatment of new rails and the recharging of used rails. It operates on all types of sites, including national rail networks, port networks and terminal facilities.