Waberer’s expands rail freight with stake in Hungary’s No. 2 operator

02.01.2025

Waberer’s International is further expanding its rail freight capacity by acquiring a majority stake in GYSEV CARGO Zrt., Hungary’s second-largest rail transportation provider.

Waberer’s International Nyrt.has signed an agreement to acquire a 62.5% stake in Hungary’s second-largest rail transportation provider, GYSEV CARGO Zrt. Following a planned capital increase of approximately HUF 2 billion after the transaction’s completion, Waberer’s share in the company will rise to 70%. GYSEV Zrt., the current owner, will retain a 30% stake.

The deal, expected to close by mid-2025, is subject to Hungarian and Austrian regulatory approvals. GYSEV CARGO provides rail transport services in Hungary and Austria, operating key container terminals in Sopron and Debrecen. The company reported an EBIT of HUF 598 million and a profit of HUF 544 million in 2023 on a turnover of HUF 28.4 billion.

This acquisition follows Waberer’s recent investment in Hungary’s rail sector through its majority stake in Petrolsped Kft., a €55 million rail logistics company acquired in early 2024. Petrolsped operates in Hungary and Romania, offering bulk and specialised rail transport services and managing an intermodal terminal under construction in southern Hungary.

«This significantly strengthens our position in Hungary’s rail logistics market and builds on our earlier acquisition of PSP Group. With a rail fleet spanning Romania, Hungary, and Austria, we aim to increase profit margins, enhance environmental sustainability, and grow our customer base,» said Waberer’s Chairman and CEO, Zsolt Barna.

Szilárd Kövesdi, CEO of GYSEV Zrt., described the deal as a strategic partnership.

«Waberer’s planned capital injection will support our investments in equipment and infrastructure, enabling us to improve service quality and drive growth for GYSEV CARGO.»

Waberer’s shares are currently trading at 3,990 HUF on the Budapest Stock Exchange.

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