Brussels (Belgium) – 19 February 2020 – Argos Wityu, independent European investment fund, with a local team in Brussels, is proud to congratulate Geert Pauwels and his team for having won the European Railway Award. It’s the first time that the CEO of a rail freight receive this prize.
At the 13th annual European Railway Award in Brussels yesterday evening, the European rail sector gathered to honour Geert Pauwels for his contribution to the sector over the past ten years. The jury lauded him for the successful transformation of a loss-making division of the Belgian Railways to the largest private rail freight company in Europe, and for the launch of the unique and innovative Green Xpress Network.
In 2015, backed by Argos Wityu, Geert Pauwels realized the privatization of the company and set out for European expansion with the launch of the Green Xpress Network.
Geert Pauwels, CEO of Lineas comments, “I am extremely proud. This is recognition for the hard work of all our colleagues, for the trust of our shareholders, and for the belief of our customers in what we do. We will continue to pursue modal shift in Europe, expand our Green Xpress Network, and help our customers optimize their supply chain with positive impact on climate and mobility.”
Gilles Mougenot, Managing Partner at Argos Wityu adds, “We are very proud of the journey achieved by Lineas over those last years. Under the leadership of Geert, Lineas has heavily invested in innovative and climate impactful mobility solutions, to become a world class company. We are confident in our ability to lead further successes for Lineas in the coming years.”
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About Argos Wityu / www.argos.wityu.fund
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With more than €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.