BeNEX

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BeNex GmbH

logo
legal form GmbH
founding 2007
Seat Hamburg , GermanyGermanyGermany 
management Michael Vulpius (Managing Director), Michael von Mallinckrodt (Managing Director Finance), Dr. Karsten Steinhoff (Managing Director Operations and Technology)
Number of employees 27 (2018)
sales 244.3 million euros (2018)
Branch Transport, logistics
Website www.benex.de
As of December 31, 2018

The Benex GmbH (proper spelling BeNEX ) based in Hamburg is a holding company for railway transport companies .

Since the beginning of July 2019, Benex has been fully owned by International Public Partnerships , an English infrastructure fund . Hamburger Hochbahn previously held 51% of the shares. The name Benex is an acronym for “Bene Nexus” (Latin for good connection ).

history

The company was founded in May 2007 by HHA. Until the beginning of June 2007, HHA was looking for another partner who would take a 49 percent stake in the company. The presumed participation of the British Arriva group, with which the subsidiaries Metronom and ODEG are already operated in partnership , did not materialize - the HHA awarded the contract to the Australian financial investor Babcock & Brown ; the latter held the share through his listed fund Babcock & Brown Fonds Public Partnerships , which in June 2009 was renamed International Public Partnerships (INPP) after the collapse of Babcock & Brown . The contract was concluded until 2022, but INPP was not allowed to part with its shares until 2017 at the earliest.

The announced goal of Benex was to raise new capital in order to be able to expand faster in the rail and bus transport. In the form of a holding company , the company managed those HHA subsidiaries that were active outside of Hamburg. The aim was also to expand in Europe by participating in tendering procedures in local rail passenger transport and by cooperating with and taking over established transport companies . Benex operates the Regensburg E network with the Danube Valley Railway through its subsidiary Agilis , for which the HHA won the tender in 2007; In October 2008, Benex was also awarded the tender for the Upper Franconian diesel network (now also operated by its subsidiary Agilis).

According to a report in the newspaper Die Welt, HHA planned to sell its stake in Benex in September 2016, as it would no longer bring the profits it had hoped for. In addition, in-house awarding of the Hamburg subway and bus lines, whose transport contract expired in 2019, to HHA would not be possible under procurement law with the existing business connections between HHA and Benex. In April 2019, Hochbahn announced that INPP would also take over the remaining 51 percent of the shares in BeNEX that it held by July 2019 at the latest.

Since the beginning of July 2019, BeNEX has been 100% owned by IPIG as a subsidiary of INPP and is now a purely private company.

Holdings

In 2016, Benex was involved in seven railway and three bus transport companies with other subsidiaries. In 2016, these companies achieved a cumulative turnover of around 530 million euros with around 2,000 employees. There were no longer any holdings in bus transport companies in 2019.

Railway companies

Web links

Individual evidence

  1. ↑ a b c company reports BeNEX. July 12, 2019, accessed July 15, 2020 .
  2. ↑ Julia Witte called Vedder: Hochbahn withdraws in home market. In: The world online. September 7, 2016, accessed September 7, 2016 .
  3. ↑ NDR: Hamburger Hochbahn sells BeNEX shares , April 1, 2019 , accessed on April 1, 2019
  4. ↑ BeNEX investments in rail transport. In: company website. BeNEX, accessed on July 5, 2019 .