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NH Partners Advises on Waberer's International Acquisition of 51% Stake in Hungary's Petrolsped

NH Partners Advises on Waberer's International Acquisition of 51% Stake in Hungary's Petrolsped

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NH Partners has advised Waberer's International on its acquisition of a 51% stake in Petrolsped.

The Petrolsped Group is a logistics service provider in Hungary. It provides rail logistics services mainly in Hungary and Romania, either directly or through its subsidiaries Pultrans and PSP Cargo Romania. It is currently in the final phase of the construction of a modern intermodal terminal in the southern part of Hungary, which could represent an optimal basis for supporting intermodal transport between the Balkans and Western Europe.

Waberer’s is a road transport company in Hungary and a significant road freight transport player in Europe, operating a fleet of 3,500 trucks. It has a presence in Belgium, Germany, France, Italy, the Netherlands, Poland, and the UK.

"With the acquisition of Petrolsped, Waberer's takes a significant step towards building a multimodal service portfolio, will further broaden its service portfolio, develop its rail logistics capabilities, and enter the specialized logistics segment that currently predominantly uses rail services, like agricultural and construction products," Waberer's International Chairman and CEO Zsolt Barna commented. "The move will also bring Waberer's closer to EU’s strategic directions to increase the share of long-distance transport by rail."

The NH Partners team included Managing Partner Gabor Hollos and Counsel Emese Szitasi.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

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The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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