Getlink

What Getlink does

Getlink SE (Euronext Paris: GET) operates and maintains the Channel Tunnel — the only fixed link between Great Britain and mainland Europe — under a binational UK-France concession that extends to roughly 2086. The Group runs a vertically integrated transport and energy platform through five core operating subsidiaries: Eurotunnel (the 50km undersea tunnel infrastructure and rail network), LeShuttle (passenger vehicle and coach shuttles), LeShuttle Freight (truck shuttles), Europorte (rail freight services across France and Europe), Eleclink (1 GW cross-border electricity interconnector between GB and France), and Getlink Customs Services (digital customs clearance including the Border Pass solution and the AI-powered CustomsPro/Sherpass platform processing over 600,000 declarations annually). In 2025, the Group reported €1.6 billion in revenue and €859 million in EBITDA (+4% YoY), carrying approximately 21 million passengers through the tunnel and achieving a 96% decarbonised margin rate.

Getlink monetises the tunnel through four distinct revenue streams: per-vehicle toll-style fees for LeShuttle Passenger and Freight crossings (transaction-based), long-term concession access charges from rail operators including Eurostar and future entrants such as Trenitalia and Virgin Trains (subscription/recurring), usage-based electricity transmission revenue from Eleclink (81% of 2026 cable capacity pre-sold), and managed customs services subscriptions for freight forwarders, brokers, and international trade companies. Distribution is multi-channel: direct-to-consumer booking via leshuttle.com for individual travellers, direct enterprise sales for rail and energy customers, and field-based B2B sales supported by 120+ customs experts at the French and UK border points. Strategic priorities articulated at the March 2026 Investor Day include reaching €1 billion EBITDA by 2030, a progressive dividend framework rising from €0.80 to €1.00 per share by 2030, and expansion of the Customs Services vertical into the Morocco-Spain-UK corridor via the Agsa-Partida partnership and the Nabu investment.

Ownership is anchored by two long-term strategic infrastructure investors — Mundys S.p.A. (25.0% of capital, 29.9% of voting rights, cleared under the UK NSI Act 2021) and Eiffage S.A. (over 25%, targeting 27.7%) — with 550 million ordinary shares outstanding and a record 89.77% quorum at the May 2026 AGM. Leadership comprises Jacques Gounon as Chairman and Yann Leriche as Vice-Chairman (both renewed for two-year terms in May 2026). Recent strategic moves include the 2024 acquisition of ChannelPorts and the 2025 integrations of ASA and BIMS, the 2025 commissioning of the €45 million STATCOM/VSC compensator that enables next-generation high-speed trains, and credit rating upgrades to investment grade from both S&P and Fitch in 2025.

Name

Getlink

Legal name

Getlink S.E.

Website

https://getlinkgroup.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Getlink SE operates the Channel Tunnel under a UK-France concession, running passenger and freight shuttles (LeShuttle), rail freight (Europorte), the GB-France Eleclink power interconnector, and AI-powered digital customs services across European trade corridors, serving roughly 21 million passengers annually.

Ownership category

akta.pro rank

Product category

Transport Infrastructure Services

NAICS

Line-Haul Railroads (482111), Rail Transportation (4821), Freight Transportation Arrangement (488510)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Trucking (No Local) (4213), Railroads, Line-Haul Operating (4011)

akta.pro primary industry

Cross-Border/International Passenger Rail Operators (TLAFADAE)

akta.pro secondary industries

Cross-Border Trucking & Border Transfer (Linehaul, Transloading) (TLACACAC), Cross-Border/International Rail Freight Forwarding (TLACADAB), Rail Customs Brokerage & Border Clearance (TLACADAE), Cross-Border Freight Brokerage (USMCA/EU, etc.) (TLADAMAN), Intermodal Terminal Value-Added Services (Cross-Dock, Transload, Stuffing/Stripping) (TLAJAFAL)

Keywords

• Channel tunnel operations
• Rail freight services
• Vehicle shuttle transport
• Customs clearance services
• Electricity interconnection

Headquarters

HQ city

Kent

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. LeShuttle Passenger Services: Shuttle services transporting passenger vehicles and coaches through the Channel Tunnel, generating revenue from toll-style crossing fees charged to individual consumers and coach operators. Accounts for a significant share of total Group revenue alongside freight shuttle operations.
2. LeShuttle Freight Services: Shuttle services transporting trucks and commercial freight through the Channel Tunnel, generating transaction-based revenue from hauliers and freight operators. Subject to traffic volume fluctuations and seasonal/Easter timing effects.
3. Rail Infrastructure Concession: Revenue from rail operators (Eurostar, freight trains) for use of Channel Tunnel rail infrastructure under long-term concession agreements. Eurotunnel and Europorte segments achieved record EBITDA in 2025.
4. Eleclink Electricity Interconnection: Cross-border electricity interconnector revenue between Great Britain and France. Revenue declined 20% in 2025 due to electricity market normalization and activity suspensions; 81% of 2026 cable capacity already sold. A €55 million insurance payout was received in December 2025 related to Eleclink suspension.
5. Getlink Customs Services: Customs clearance and facilitation services for freight forwarders, customs brokers, and international traders. Services include Border Pass digital solution, CustomsPro platform, health and phytosanitary compliance, and advisory services. Handles approximately 600,000 declarations annually with 120+ experts at border points.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Getlink operates the Channel Tunnel infrastructure under a binational UK-French concession, providing passenger and freight shuttle services (LeShuttle) with 35-minute crossings, rail infrastructure access for operators like Eurostar, cross-border electricity transmission (Eleclink), and AI-powered customs clearance services (Getlink Customs Services). The Group serves approximately 21 million passengers per year and processes over 600,000 customs declarations annually through its integrated transport and border facilitation platform.

Product overview

Getlink operates as a low-carbon transport operator managing the Channel Tunnel infrastructure and related transport services. The company offers a diversified portfolio including: Eurotunnel (Channel Tunnel infrastructure and shuttle services), LeShuttle/LeShuttle Freight (car, coach, and truck transport through the Channel Tunnel), Europorte (rail freight services in France and Europe), Eleclink (electricity interconnection between UK and France), and Getlink Customs Services (digital customs simplification platform including Border Pass and CustomsPro/Sherpass solutions). The Group serves approximately 21 million passengers per year with €1.6 billion revenue in 2025 and maintains a 96% decarbonised margin rate. Getlink Customs Services provides AI-powered customs automation for carriers and shippers, handling approximately 600,000 declarations annually through a network of over 120 experts.

Differentiator

Problem solved

Functional benefit

Brands

• Eurotunnel: The Channel Tunnel railway network and shuttle services connecting Great Britain and mainland Europe. Includes passenger and freight shuttle operations.
• LeShuttle
• LeShuttle Freight
• Europorte
• Eleclink
• Getlink Customs Services

Products and services

• Eurotunnel The Channel Tunnel infrastructure and rail shuttle service operating the Fixed Link between Great Britain and mainland Europe, including passenger and freight shuttle services, high-speed Eurostar train operations, and rail freight services under a binational UK-French concession agreement.
• LeShuttle Passenger car and coach shuttle service through the Channel Tunnel connecting Folkestone, England and Coquelles/Calais, France, providing 35-minute cross-Channel crossings for individual travellers, families, and group/coach operators via direct online booking.
• LeShuttle Freight Freight truck shuttle service through the Channel Tunnel transporting commercial vehicles and cargo between the UK and continental Europe, serving hauliers and freight operators with per-truck crossing fees and access to the Border Pass digital customs solution.
• Europorte Rail freight operator and rail infrastructure management services operating across France and Europe, providing freight rail services and infrastructure access as part of Getlink's rail portfolio.
• Eleclink The first electricity interconnection between Great Britain and France deployed in a submarine tunnel, enabling cross-border electricity trading and power transmission between the two countries for energy companies and grid operators.
• Getlink Customs Services Digital customs services platform supporting carriers, shippers, freight forwarders, customs brokers, and international trade companies with import/export formalities, transit operations, customs clearance, health and phytosanitary compliance, and regulatory advisory. Handles over 600,000 declarations annually through a network of 120+ border experts.
• CIFFCO Railway training services subsidiary of Getlink providing specialist training services to the rail industry.

Quantifiable outcome

• 96% decarbonised margin rate
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• Agsa-PartidacoreStrategic or Co-development Partner · 5 February 2026Getlink Customs Services partnered with Spanish customs intermediary Agsa-Partida to provide integrated customs services covering the Morocco-Spain-UK corridor. The collaboration combines Getlink's cross-Channel customs expertise with Agsa-Partida's Iberian corridor operations, leveraging networks in Morocco (via PartidaMed), strategic Spanish transit points (Algeciras, Valencia, Barcelona, Motril), and UK import/export formalities. Trade between Morocco and the UK has doubled since 2021 and is projected to continue growing through 2030.
• GE (General Electric)coreTechnology or Integration · 2 January 2026Partnership with GE for the development and deployment of STATCOM (Static Compensator) technology using VSC (Voltage Source Converter) technology connected to the Channel Tunnel's railway electrical traction system. A €45 million investment over 5 years, in collaboration with Eurostar, that doubles reactive compensation power in the Channel Tunnel and facilitates access for new generation high-speed trains.
• EurostarcoreTechnology or Integration · 2 January 2026Collaboration with Eurostar on STATCOM technology development for the Channel Tunnel, enabling access for new generation high-speed trains. Eurostar is the primary rail passenger operator using Channel Tunnel infrastructure, currently holding 80% of the Paris-London market and transporting 20 million passengers annually.
• ChannelPorts LtdcoreOthers · 12 April 2024Acquisition of ChannelPorts Ltd, a British customs intermediary based in Folkestone, Kent, that manages customs formalities for cross-Channel trade particularly post-Brexit. The acquisition strengthens Getlink's position in facilitating trade between the EU and UK through digital platforms and expanded border solutions, integrated into Getlink Customs Services. This M&A was followed by integrations of Associated Shipping Agencies (ASA) and Boulogne International Maritime Services (BIMS) in early 2025.
• French and British Customs AuthoritiescoreStrategic or Co-development PartnerPartnership with French and British customs authorities to develop the smart border system enabling real-time information exchange between Eurotunnel's Pit-Stop facility and government customs systems. This public-private collaboration enables the unique Pit-Stop border inspection model and Border Pass digital solution.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HS1 Ltd: Concessionaire of the UK's High Speed 1 rail line connecting London St Pancras to the Channel Tunnel. Closest UK-side infrastructure peer with a similar long-dated concession model and rail access fee revenue stream.
• DFDS: Major European ferry and logistics operator providing cross-Channel roll-on/roll-off services as the primary road-based alternative to LeShuttle Freight. Directly comparable as a competing cross-Channel transport provider serving freight customers.
• P&O Ferries: Operates roll-on/roll-off ferry services on key cross-Channel and Irish Sea routes, including Dover-Calais, directly competing with LeShuttle for freight and passenger vehicle traffic.
• DB Cargo: Europe's largest rail freight operator and a logical comparable for Getlink's Europorte subsidiary, with similar cross-border rail freight operations across multiple European markets.
• Eurostar Group: Primary high-speed rail passenger operator using Getlink's Channel Tunnel infrastructure, holding 80% of the Paris-London market and carrying ~20M annual passengers. Directly comparable as a cross-Channel passenger rail operator whose capacity expansion is enabled by Getlink's STATCOM investment.

Broad incumbents

• Vinci Concessions: Operates transport infrastructure concessions (toll roads, airports, rail) globally under long-dated government agreements. Closest large-cap peer in terms of regulated infrastructure concession business model, including airport assets analogous to Eleclink.
• Abertis: Global toll road and telecommunications infrastructure operator with a similar concession-based model to Getlink's tunnel, generating transaction-based revenue under long-term government concessions across multiple geographies.
• Mundys (Atlantia): Italian-based motorway and airport concession operator, controlling shareholder of Getlink (25% of capital, 29.9% of voting rights). Highly comparable concession infrastructure business model and a strategic shareholder reference point.
• Maersk: Global integrated logistics and container shipping company; co-investor with Getlink in Nabu and a key end-customer for cross-Channel freight capacity. Comparable as a freight/logistics platform investing in customs digitalization.

Emerging players

• Descartes Systems Group: Provides logistics technology including customs filing, trade compliance, and transportation management software. Closest pure-play comparable for Getlink Customs Services' CustomsPro/Sherpass digital customs platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/getlinkgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Getlink