Beacon, announce definitive agreement to acquire mitsui rail capital europe b.V. («MRCE»)
Beacon Rail Metro Finance B.V. (“Beacon Rail”) today announced that it has entered into a definitive agreement to acquire Mitsui Rail Capital Europe B.V. (“MRCE”), a full-service locomotive leasing business in Europe from Mitsui & Co., Ltd. (“Mitsui”).
The transaction is expected to complete before the end of March 2024, subject to regulatory approvals.
About Beacon rail
Beacon Rail (together with its affiliates) is a leading rolling stock leasing business headquartered in Luxembourg and focused on serving the UK and European markets. Beacon Rail’s current portfolio includes(1) 507 locomotives, 1,200 freight wagons, and 572 passenger train vehicles and intercity coaches on lease across 18 countries. Beacon Rail has an industry leading management expertise and capital markets experience, enabling it to meet the equipment needs of its Pan-European customer base.
About mrce
Founded in 2004 and headquartered in the Netherlands, MRCE is a wholly owned subsidiary of Mitsui. The company is one of the leading electric locomotive leasing companies in Europe with a fleet of 222 electric locomotives. MRCE, offers a full-service offering delivered through a network of 3rd party workshops, which include maintenance, training and logistical support services.
