ATLANTA (May 18, 2023) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the Firm served as legal counsel to TX Logistik AG, a major German rolling stock operator, in its acquisition of up to 65 locomotives from rail vehicle manufacturer Siemens Mobility. The contract includes the purchase of 40 modern Vectron locomotives, along with 25 additional Vectron locomotives as an option. The full-service contract, signed at the Transport Logistic trade fair in Munich, Germany, also includes locomotive maintenance to be performed by Siemens Mobility. The locomotives are scheduled for delivery in September 2024 and December 2025.
The purchase of the new locomotives will afford TX Logistik the capacities to continue to grow in international rail freight transport, for which the company is responsible within the FS Italiane Group.
SGR Partner Dr. Stefan Buske in the Corporate and Global Transport practices advised TX Logistik on the transaction. Dr. Buske joined the Firm in January to lead the Munich office. He has more than 20 years of experience in the field of law, in both the United States and Germany with focus on structured finance, corporate law, mergers and acquisitions, leasing, and project financing.
About TX Logistik AG
TX Logistik was founded in 1999 as a private rail transport company and maintains an efficient European network with connections in eleven countries. The company has subsidiaries in Switzerland, Austria, Denmark and Sweden as well as local office in Italy. In its Intermodal and Rail Freight divisions, TX Logistik develops comprehensive rail solutions for continental and maritime traffic as well as tailor-made concepts for conventional freight. With around 650 employees and 8.6 billion tonne kilometres, the company generated annual sales of 253 million euros in 2021. Since January 2017, TX Logistik has been wholly owned by Mercitalia Logistics S.p.A., a subsidiary of Ferrovie dello Stato Italiane. For more information, please visit www.txlogistik.eu/en.
About Smith Gambrell Russell
SGR is a full-service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The Firm’s nearly 400 attorneys provide legal counsel in more than 50 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, insurance/reinsurance, construction, employment law, international, and employee benefits and executive compensation. Founded in 1893, SGR has 14 domestic and international offices, including Atlanta; Austin; Charlotte; Chicago; Jacksonville, FL; London; Los Angeles; Miami; Munich; New York; Southampton; Springfield, IL; Tampa, FL; and Washington, D.C.