UK based locomotive leasing company Beacon Rail Leasing (‘Beacon’) and locomotive leasing and servicing company Mitsui Rail Capital Europe (‘MRCE’), recently concluded the sales and purchase agreement for 27 diesel locomotives. The locomotives are between 8 and 12 years old and were sold with lease contracts to various rail cargo operators in place. The first 10 locomotives have already been handed over at various locations in Germany. The remainder is scheduled to be handed over in the coming months.
The fleet includes 17 EMD Class 66 locomotives and 10 Siemens ER20 locomotives and they are operated throughout continental Europe. The deal includes all rights and obligations under the existing active lease contracts and strengthens the strategic position of both companies.
“Acquiring this portfolio of diesel locomotives is in line with our strategy, growth ambitions, and our commitment to being the leader in this segment of the market“
“It adds to our existing fleet of heavy diesel locomotives. Our current fleet includes a significant number of Class 66 locomotives, so this acquisition allows us to continue to leverage our existing skills, expertise and experience to better serve the needs of our customers and the market. The acquisition of the ER20 locomotives expands our reach deeper into western and central Europe, so we are very pleased with this transaction.”Ted Gaffney, CEO of Beacon Rail Leasing
“For more than 10 years we have had a strong position in the European railway market.”
“This strong position comes from differentiated technical expertise and strong relationships with our clients. Those strengths have been helping us to build a portfolio which is prepared for the future. MRCE is constantly working on improving its services and locomotive fleet and for this reason we decided to sell these locomotives and to invest in core assets. With this transaction we believe we are creating a win-win situation for both companies involved. It allows MRCE to focus more on enhancing our core competencies of technical services and capturing the fast-growing demand of the locomotive lease market.”Masayoshi Hosoya, CEO of MRCE
Beacon is a rolling stock leasing company serving the Pan European and North American rail marketplaces with offices in Boston, London and Rotterdam.
MRCE has a fleet of around 300 locomotives in Europe and provides full-service leasing of locomotives. MRCE is a subsidiary of Mitsui & Co., Ltd. of Japan, and is located in Amsterdam and Munich.
Mitsui Rail Capital Europe B.V.
Barbara Strozzilaan 366, 5th floor, NL-1083 HN Amsterdam
Phone: +31 (0)20 708 5910, Fax: +31 (0)20 708 5950
Statutory Seat: Amsterdam, CoC no.: 34214164, VAT no.: NL8135.72.678.B.01
Beacon to fund Primary Engineer’s Rail Project with schools in Westminster
Beacon is delighted to be helping fund the Primary Engineer Rail Project. This connects Beacon with ten schools across the Westminster area providi...
Posted on July 30, 2021
Beacon launches new entity to cover Spain and Portugal
Beacon is pleased to announce the formation of Beacon Rail Finance Iberia SLU and the appointment of Jesús de la Torre Monguió as Chairman of the B...
Posted on June 9, 2021
Beacon agrees sale and lease back with Rail Polska for 12 locomotives
Beacon is pleased to announce an agreement for the purchase of 12 locomotives from Polish operator Rail Polska. The purchase is for 2 x M62M and 10...
Posted on December 23, 2020
Beacon gets five stars in global sustainability rankings
Beacon, the rail leasing provider offering the broadest UK and European rolling stock solutions, has been awarded a 5 Star rating in the Globa...
Posted on November 12, 2020
Beacon agree deal for five new Class 66 locos with GB Railfreight
Beacon is pleased to announce an agreement to bring an additional five Class 66 locomotives from Germany in cooperation with GB Railfreight. The fi...
Posted on October 9, 2020
Beacon appoints a new senior director within its Commercial team
Leading rail leasing company, Beacon, is delighted to announce the appointment of Antonio Alamar as Senior Director, Commercial, starting 1 Septemb...
Posted on September 2, 2020