Infracapital has acquired a 66.67% stake in CTH, a Dutch inland port and rail terminal operator, increasing its ownership to 100% and aligning with its strategy to strengthen sustainable logistics operations in the Benelux region.

Target Overview

Infracapital, the infrastructure equity investment division of M&G Plc, has finalized an agreement to acquire a 66.67% stake in CTH, a prominent Dutch operator of inland ports and rail terminals. This move will enable Infracapital to increase its ownership in CTH to a full 100%. Infracapital initially acquired a 33.33% interest in CTH through its 2021 purchase of Multimodal Container Services B.V. (MCS). The acquisition is executed through Infracapital’s Benelux inland container terminal platform, known as Inland Terminals Group (ITG).

CTH, headquartered in Hengelo, operates two strategically located inland terminals in the Netherlands, geographically situated to bolster the existing ITG catchment areas. These terminals provide direct services to the Port of Rotterdam, enhancing the operational synergies within ITG. Furthermore, CTH operates a rail terminal in the Pernis area of the Port of Rotterdam, extending services to rail operators across Europe.

Industry Overview in the Netherlands

The inland shipping and rail sector has been witnessing an upward trajectory in the Dutch logistics market, driven by its significantly lower carbon emissions compared to road transport. This segment is experiencing robust political