VTG Rail UK moves to new offices in Birmingham

Birmingham, 9 May 2008. VTG, the UK’s largest private wagon leasing company, has moved to new premises in Quinton Business Park on the outskirts of Birmingham.

VTG’s Managing Director Rob Brook officially opened the new 2,605 sq ft office, which is located in Sir Stanley Clarke House, for business on Tuesday 6 May 2008.

Previously based in Worcester, the move to new and larger premises reflects the continuing expansion of the leasing company, who form part of the VTG AG Group, based in Hamburg in Germany.

The new high specification office, which has been leased for a ten year period, will provide a stable base for VTG as the business continues to grow in the future.

Centrally located, the office is conveniently positioned in grounds adjacent to Junction 3 of the M5, providing easy links to both the motorway network and Birmingham airport.

Committed to developing the wagon technology of the future, the new office will also enable VTG, introducers of the first aluminium bogie cement wagon and ACTS transfer system into the UK, to continue pioneering ground breaking wagon technology.

Rob Brook commented, “We are extremely proud to embark on this new stage in VTG’s expansion and development.

"Quinton Business Park is an ideal location for us, close to transport links, yet set in the tranquil surroundings of landscaped gardens. The move reflects the success and achievements of our business, the new office, equipped with the latest facilities will provide us with the opportunity to further improve our customer service and technical support which is already the best in the market.”

“We have ambitious plans for the future, with more additions to our wagon fleet and ongoing research initiatives to find new solutions to long standing problems in the wagon market and we believe that the move will support us in our ambition to retain and further our reputation for cutting edge wagon development.”

Ends

Notes to editors:

VTG’s new address from Tuesday 6 May will be:
Sir Stanley Clarke House,
7 Ridgeway,
Quinton Business Park,
Birmingham
B32 1AF.

Telephone: 0121 421 9180

About VTG:

VTG Aktiengesellschaft is one of Europe’s leading rail logistics and wagon hire companies. The company has the largest private wagon fleet in Europe. Globally the fleet consists of about 49,300 rail freight cars with a focus on tank cars and state of the art high capacity freight cars and flat cars. In addition to the hiring of rail freight cars, the Group offers global tank container transport and comprehensive multi-modal logistics services mainly around rail transport.

With the combination of its three interrelated divisions Wagon Hire, Rail Logistics and Tank Container Logistics VTG offers its clients a high-performance platform for international transport of their freight. The Group has many years of experience and specific know-how in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost all industrial sectors such as, for example, chemicals, mineral oil, the automobile or paper industries.

In the financial year 2007 VTG generated operating revenues of EUR 541.4 million and an operating result (EBITDA) of EUR 137.0 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 30 June 2008 VTG employed 833 employees worldwide in consolidated companies. Since June 2007 VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange – since September 2008 also on the SDAX (SCN: VTG999).

Press contact:
Andrea Geeson, Communications Manager
Telephone: 01444 473588, E-Mail: andrea@woodhousecommunications.co.uk