Hector Rail has sold GB Railfreight subsidiary to Infracapital, the unlisted infrastructure equity arm of M&GPrudential.
Currently, GB Railfreight is the third largest rail freight operator in the UK, with over 900 employees and a turnover in excess of GBP 200 million a year (EUR 226 million). GB Railfreight operates over 1,000 trainloads a week, moving approximately 23% of UK’s rail cargo.
“GB Railfreight has shown strong growth in the UK rail freight sector and expanded into new markets, identifying the business as a leader in rail freight. It not only leads in innovation but its environmental credentials set it apart from competitors. We are delighted to be part of the business’s future growth and success,” Martin Lennon, Head of Infracapital, said.
Over the past three years, GB Railfreight has grown considerably, expanding in the UK and into new markets such as intermodal market, with a range of new routes. This includes a new Southampton to Manchester intermodal service which launched earlier this month, serving one of the UK’s leading deep-sea container ports.
The operator was founded in 1999 and headquartered in London and is one of the fastest growing companies in the railway sector and transports goods for a wide range of customers.