PSA International, through its subsidiary PSA Baltics N.V., has acquired 85% of the shares of the Polish intermodal operator Loconi International S.A. from ATC Cargo S.A. The transaction will allow PSA to develop new rail routes, expanding the capacity of European container hubs and offering customers an alternative to road transport.
With the acquisition of Loconi, PSA plans to strengthen existing ties with the Baltic Hub terminal in Gdansk and expand access to new markets in Central and Eastern Europe. The transaction is subject to approval by the relevant authorities.