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Constellation acquires Trans Europa Express

Constellation has acquired a majority stake in Trans Europa Express Holding AG (TEX), formerly HSM Group), a provider of Train Operating Services in Western Europe.

TEX serves as an outsourcing partner for its customers for which the company runs rail traffic and operates in Germany, Switzerland, Austria (DACH) and the Netherlands employing 900 people.
 
Among TEX`s customers are all major private and national passenger and rail cargo companies in the DACH region and the Netherlands. With its own train driver school, the company provides training for qualified railway personnel. Further, TEX provides safety and supervision services for rail track construction and installs rail safety and control systems.
 
Constellation acquired TEX in close collaboration with the shareholders and management team who will remain active in the daily operations of the company as well as reinvest significantly. The strong organic growth of the company will be accompanied with a pre-determined buy-&-build strategy to increase the regional reach as well as to extent the current service portfolio to gain market share.
 
“We are very pleased that in Constellation we have found a partner with proven expertise in the service sector,” says Bernhard Heizmann, CEO and co-Investor. “The management invests significantly in TEX, which shows the potential which lies in our business.”
 
“The market for services in the railway sector is an opening, growing market and is as such very interesting for us,” says Dieter Scheiff (pictured), Managing Partner at Constellation.

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