NordCargo was spun off from its parent company, Ferrovienord, in 2003.
NordCargo engages in cross-border rail transport on the North-South corridor running through Germany, Switzerland and Italy, as well as in Northwest Italy.
In 2007 the company generated revenues of about €34 million.
The final contractual framework will be signed within the next few days, and is pending approval from the responsible authorities.
"The collaboration between Railion Italia and NordCargo will enable us to make better single-source offers to our customers in Northern Italy, as well as along the North South corridor," said Dr. Norbert Bensel, head of DB Schenker responsible for the Transport & Logistics division of DB Mobility Logistics.
DB acquired a 95% stake in Italian rail freight company, Strade Ferrate del Mediterraneo, in 2004 as part of its efforts to expand its European network. The company was subsequently renamed Railion Italia in 2005.