The Hungarian transport group said it had signed a new cooperation letter of intent with regional rail operator GYSEV and its freight subsidiary GYSEV CARGO. GYSEV (Győr–Sopron–Ebenfurti Vasút) is jointly owned by the Hungarian and Austrian states and operates both passenger and freight rail services in the border region between the two countries.
Waberer’s, GYSEV and GYSEV CARGO will now jointly examine possible business structures and schedules for rail logistics development. The parties still consider the project value-creating, aiming to integrate rail and road transport within Waberer’s broader multimodal logistics strategy.
Waberer’s first announced its plan to acquire a majority stake in GYSEV CARGO in December 2024. However, the transaction did not close within the planned deadline, as the necessary financing approvals, including that of the European Investment Bank (EIB), were not granted. The latest step therefore marks a reopening of negotiations rather than a concrete advancement of the deal.
According to Waberer’s, the company has recently placed strong emphasis on developing its multimodal logistics capabilities. In 2024, it acquired a majority stake in the rail logistics service provider PSP Group, building on which it has carried out several business development projects.
The group intends to play a key role in providing rail, road and warehousing logistics services for new industrial hubs in Debrecen and Szeged.
In addition, Waberer’s is holding talks with East Asian e-commerce companies about transporting goods to Europe by rail and linking air freight with rail logistics.
Beyond the GYSEV CARGO negotiations, the company is also examining the possible acquisition of other domestic and regional rail logistics providers.
