TRAXION Announces the Acquisition of V-MODAL

Highlights:

• Grupo Traxión, S.A.B. de C.V. announces that it has acquired V-MODAL, one of the most important intermodal marketing companies for rail services in Mexico, with more than 12 years of leadership
• The transaction price was Ps. 102.5 million for 90% of the company, of which Ps. 62.5 million were paid in cash and the rest with TRAXION shares of stock
• TRAXIÓN expects to grow significantly V-MODAL’s revenue base, mainly through cross-selling with current clients and optimize their supply chain expenses
• With this acquisition, TRAXIÓN significantly strengthens its presence in the rail segment