Hector Rail has since its inception in 2004 established itself as a powerful player in the rail market. With a strong customer focus, the business has grown to produce six million train kilometres annually. During the same time Hector Rail has invested over SEK 800 million (approximately EUR 90 million) in the loco fleet consisting of approximately 50 line haul locomotives. EQT Infrastructure II now enters as new majority owner of the company. EQT’s ownership strengthens Hector Rail further and lays the foundation for further expansion and growth.
Hector Rail operates trains in Sweden, Norway, Denmark and Germany. Hector Rail’s customers are large industrial and transport companies. For these customers cost-effectiveness and quality are crucial criteria when selecting transportation partners. Financial stability and sustainability are also of fundamental importance.
Together with EQT Hector Rail will be able to continue developing the attractive offering in the rail market. The change in ownership is highly beneficial for Hector Rail’s continued expansion.
EQT views Hector Rail as a well-run business with a strong track record and an excellent reputation. EQT believes the railway will gain market shares going forward and has the ambition to realise substantial value creation opportunities together with the Company
The transaction is expected to close during the fourth quarter of 2014 after customary anti-trust approvals.