The transaction includes 137 locomotives serving 21 freight and passenger operators across Continental Europe and the United Kingdom, 30 electric multiple units trains leased to the Greater Anglia franchise in the UK, 16 diesel multiple-unit trains that are operated under a Dutch franchise and 110 wagons. The transaction will be fully executed subject to regulatory approvals.
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. Akiem’s expansion has been supported by the acquisition of mgw Service in 2017, a leading European maintenance company and the consolidation of a network of European local representatives and a comprehensive maintenance network.
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.
The acquisition of Macquarie European Rail’s rolling stock leasing portfolio is another key milestone in Akiem Group’s European expansion. It was made possible as part of the implementation of our efficient new funding platform, which closed last September. We are pleased to welcome MER teams into our organization. Our main goal is to better serve our customers with a wider geographical scope and a comprehensive portfolio of rolling stock and services. 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, CEO of Akiem Group