Hungarian transport group Waberer’s signed a new letter of intent with regional rail operator GYSEV and its freight subsidiary, GYSEV CARGO. GYSEV, jointly owned by Hungary and Austria, provides passenger and freight transportation in the border region between the two countries.
The parties agreed to jointly develop potential business models and schedules for the development of rail logistics. This step effectively renews cooperation negotiations initiated in late 2024, when Waberer’s announced its intention to acquire a majority stake in GYSEV CARGO. The deal was not completed due to the lack of approval from financial institutions, including the European Investment Bank.
Waberer’s is actively developing its multimodal capabilities, combining road transport, rail, and warehouse logistics. Last year, it acquired a controlling stake in the rail operator PSP Group and has implemented a number of projects in the field of multimodal transportation. Waberer’s is also currently in talks with East Asian e-commerce companies to supply goods to Europe by rail and is exploring new opportunities to acquire regional logistics operators.