Akiem signed a definitive agreement to acquire Macquarie Europe Rail’s rolling stock leasing business. The transaction, which is the first one on passenger sector, will be fully executed subject to regulatory approvals.
Under the transaction, Akiem will add to its fleet 137 locomotives serving 21 freight and passenger operators, 30 EMUs leased to the Greater Anglia franchise in the UK, 16 DMUs that are operated under a Dutch franchise and 110 wagons.
“The acquisition of Macquarie European Rail’s rolling stock leasing portfolio is another key milestone in Akiem Group’s European expansion. In addition, the acquisition of this first passenger train portfolio constitutes an opportunity to accelerate our market positioning with regards to passenger train financing in Europe and in the context of French market liberalisation,” Fabien Rochefort, Akiem CEO said.
The acquisition will enable Akiem Group to reinforce its market leader position in the European locomotive leasing market, with the largest fleet on the continent.
The combined group will own a diverse portfolio of more than 600 locomotives operated by 65 customers in Continental Europe and now in the UK. Through the transaction, Akiem Group diversifies its product offering by positioning itself in the passenger train leasing market and strengthens its expertise to meet the needs of operators and transport authorities across Europe and in France in particular.
In 2017, Akiem acquired mgw Service, a leading European maintenance company.
Since 2016, Akiem Group has invested in more than 200 locomotives, the delivery of which is in progress, with the final locomotive expected in 2021.