On 23rd February 2012, in Zurich, G.T.S. - General Transport Service Spa, entered the share capital of Crossrail AG with a 10%. Other shareholders are Lkw Walter AG and Hupac AG (already in the company), both leading companies in the european combined transport.
Crossrail is one of the 4 largest railway companies in Europe and a leader in the cross border rail traction between North and South Europe.
The new corporate asset strengthens not only Crossrail’s financial structure, but will be also a better and safer base to improve and increase its turnover and go well beyond the 2011 € 100.000.000,00.
GTS is already active in the rail traction market, with its own railway company in Italy and has already been licensed in Switzerland.
"We are very pleased with this important step. Rail transport in general, and particularly intermodal, on North / South Europe is experiencing a period of strong expansion. This process will grow faster and faster together with EEC requirements and will fulfil the clear desire of most countries to reduce road transports both domestic and cross border. Rail transport infrastructure as well as the ability of individual railway companies is certainly not fully prepared to accept this challenge. The growing demand is yet not matching with the required supply. Our investment in Crossrail has therefore the strategic aim of supporting the development and creating all possible synergies. Shareholders as Hupac AG and Lkw Walter AG , are a driving force to ensure efficiency and reliability" - said Alessio Muciaccia, CEO of GTS Spa and newest member of the Board of Crossrail AG.
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