GAIAOSE

GAIAOSE S.A.
Company typePrivate Anónimi Etaireía
IndustryRailway transport, logistics and train maintenance
Predecessor
  • OSE (1970–2001)
Founded1 January 2001 (2001-01-01)
Defunct30 September 2025 (2025-09-30)[1]
SuccessorGreek Railways
Headquarters
301 Liossion street, 10445 Athens
,
Greece
Area served
Greece (Mainland only)
Key people
  • Nikolaou Perikles (CEO)[2][3]
  • Konstantinos Kesentes (Chairman of the Board)[4]
  • Panagiotis Valantasis (Chairman of the Audit Committee)
  • Konstantinos Stavridis (Board member)
  • Antonis Rovolis (Board member)
  • Stefanos Xekalakis (Board member)
  • Athanasios Chondrogiannis (Board member)
ProductsRail transport, transport, services, property management
OwnerGreek Government (100%)
Websitehttps://www.gaiaose.com/

GAIAOSE SA was a public service company, 100% owned by the Greek government,[5] active in the fields of railway property management[6] and development[7] (lands and buildings) and rolling stock management.[8]

History

In 2001, the infrastructure element of OSE was spun off to form the second largest landowner (after the Church.[9] At the time of its creation the entire portfolio of OSE’s property was valued at 2 billion euros.[10] Since 2015 GAIAOSE SA has been as the administrator for the railway rolling stock, at the behest of the Greek State.[11] In 2023, 123 older, disused and condemned rolling stock units were set for auction in the first pilot scrapping project, as part of the fleet management program of the Ministry of Infrastructure and Transport[12]

In August 2025, the Greek Ministry of Infrastructure and Transport confirmed the creation of a new body, Greek Railways (Greek: Σιδηρόδρομοι Ελλάδος, romanized: Ellinikí Sidiródromi Monoprósopi)[13] to assume responsibility for rail infrastructure, planning, modernisation projects, and rolling stock across Greece. Rail safety has been identified as a key priority.[14] The merger follows the July approval of a Parliamentary Bill to restructure the national railway system, a direct response to the Tempi accident of February 2023, in which 43 people died after a head-on collision.[15]

Activity

GAIAOSE also maintained and leased rollingstock. The fleet being managed consisted of 3752 vehicles (locomotive units, passenger and transport units). The largest part of this rolling stock, was leased and used by Hellenic Train (formally TrainOSE.

Board of Directors

As of 2025, Chairman of the Board of Directors, Konstantinos Kesentes[16] CEO, Nikolaou Perikles[17] Member (Chairman of the Audit Committee), Panagiotis Valantasis Member, Konstantinos Stavridis Member, Antonis Rovolis Member, Stefanos Xekalakis Member, Athanasios Chondrogiannis

Notes and references

  1. ^ Koukos, Ilias (30 August 2025). "Tέλος εποχής για τον ΟΣΕ – Παρουσιάστηκε η Διοίκηση της «Σιδηρόδρομοι Ελλάδος Α.Ε.»" [End of an era for OSE – the management of Greek Railways S.A. was presented]. ERT News (in Greek). Athens: ERT. Archived from the original on 28 September 2025. Retrieved 28 September 2025.
  2. ^ "BOARD OF DIRECTORS". GAIA OSE. 4 November 2017. Retrieved 27 March 2024.
  3. ^ "Interview with Mr. Nicolaou Perikles, CEO of GAIAOSE". PRISMA REPORTS. 11 December 2019. Retrieved 27 March 2024.
  4. ^ "BOARD OF DIRECTORS". GAIA OSE. 4 November 2017. Retrieved 27 March 2024.
  5. ^ "EDP dialogue visit to Greece". EUROSTAT. Retrieved 27 March 2024.
  6. ^ "Major overhaul planned for Greek railways | eKathimerini.com". www.ekathimerini.com. 20 December 2023. Retrieved 27 March 2024.
  7. ^ "GAIAOSE launched an international tender for the concession of the Thriasian Freight Transport Centre | Zepos & Yannopoulos". www.zeya.com. Retrieved 27 March 2024.
  8. ^ "Interview with Mr. Nicolaou Perikles, CEO of GAIAOSE". PRISMA REPORTS. 11 December 2019. Retrieved 27 March 2024.
  9. ^ "OSE set to cash in on land | eKathimerini.com". www.ekathimerini.com. 20 June 2002. Retrieved 27 March 2024.
  10. ^ "OSE set to cash in on land | eKathimerini.com". www.ekathimerini.com. 20 June 2002. Retrieved 27 March 2024.
  11. ^ "ROLLING STOCK MANAGEMENT". GAIA OSE. 5 November 2017. Retrieved 27 March 2024.
  12. ^ "Environmental and economic gains through GAIAOSE's auction of old rolling stock" (PDF). Growthfund.gr. Retrieved 27 March 2024.
  13. ^ Smith, Kevin (12 September 2025). "Greek Railways formed in a major restructuring". International Railway Journal. Retrieved 5 November 2025.
  14. ^ Cech, Lubomir (4 September 2025). "3 Greek companies merge to create Greek Railways". RAILMARKET.com. Retrieved 5 November 2025.
  15. ^ Smith, Kevin (12 September 2025). "Greek Railways formed in major restructuring". International Railway Journal. Retrieved 5 November 2025.
  16. ^ "BOARD OF DIRECTORS". GAIA OSE. 4 November 2017. Retrieved 27 March 2024.
  17. ^ "BOARD OF DIRECTORS". GAIA OSE. 4 November 2017. Retrieved 27 March 2024.

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