Press Release

Rhenus Group ups its holding in Mierka Donauhafen Krems

Based on a decision taken on 25 April 2013, Rhenus is increasing its holding in Mierka Beteiligungs GmbH (MBG) from 26 percent in the past to 51 percent in the form of an increase in share capital – provided that the monopolies and mergers authorities approve the move. MBG holds 100 percent of the shares in Mierka Donauhafen Krems GmbH & Co. KG (MDK). The aim of the increase in share capital is to press ahead with the joint activities of Rhenus and Hubert Mierka, who is the managing partner of Mierka Donauhafen Krems, on the river Danube and fund the associated investments.

“Since the start of our cooperation arrangement with Mierka Donauhafen Krems in the summer of 2010, the strategic partnership has gathered pace. By increasing the share capital, we’re creating the conditions in order to be able to continue to expand our range of tri-modal products in the Danube region,” says Michael Viefers, a member of the Rhenus Board.

Hubert Mierka adds the following, “The increase in share capital once again confirms the clear commitment by Rhenus to the Krems business site and to other investments in the Danube region. The new funds will enable us to invest in our Danube mission. This also includes our commitment to inland waterway shipping operations associated with the founding of Rhenus Mierka Danube Shipping founded in 2012.” Hubert Mierka, who was the sole shareholder of MBG until Rhenus came aboard in 2010, will maintain his investments and is also personally committed to the future of the company.

Mierka Donauhafen Krems has modern and multi-functional transhipment equipment and offers its customers large-scale storage space in covered or open areas too. An agricultural terminal with a silo storage area, for example, meets the needs of customers in the agricultural sector. Stuffing and stripping containers is linked with warehouse logistics services at the multi-modal freight station. By cooperating with the HHLA railway subsidiary, Metrans, the central European business area in the state of Lower Austria with its port site in Krems is directly linked to the most important maritime ports by container train services.

About Rhenus
The Rhenus Group provides logistics services around the globe and has annual turnover amounting to EUR 4 billion. Rhenus employs over 24,000 people at more than 350 locations worldwide. The Rhenus business areas – Contract Logistics, Freight Logistics and Port Logistics – manage complex supply chains and provide a wealth of innovative value-added services.

About Mierka Donauhafen Krems
The MDK team consists of 70 employees. The MDK Group generated turnover of more than EUR 25 million in 2012 and very positive results despite the difficult market environment. MDK has a solid structure with good liquidity and an equity ratio of more than 45 percent.