Northrail changes hands
The European provider of locomotive leasing services has been taken over by Investor Rive, which has purchased 100% of the company’s shares previously held by Paribus Group. Investor Rive now owns 91.75% of the shares of Northrail, which is based in Hamburg, Germany.
The remaining 8.25% are (indirectly) owned by Northrail’s CEO Volker Simmering, who was already a minority shareholder before the transaction.
The acquisition extends a long-lasting partnership between the two companies and aligns with the investment strategy of Rive’s fund, RTAIF, focused on critical transport assets, notably decarbonising land transport through modal shift and fleet renewal. Northrail manages a fleet of 450 rolling stock assets valued at close to EUR 1.5 billion. (ben)