Ancala agrees to buy Hector Rail Group

Ancala European Infrastructure Fund II is to buy Hector Rail AB including its subsidiary Hector Rail GmbH from EQT. Hector Rail AB is the largest privately-owned train operator in Scandinavia and one of the few train operators with the resources and capacity to run corridor traffic between Scandinavia and Germany.

Hector Rail AB was founded in 2004. Ttogether with its German operations, it has over 250 locomotive drivers and over 100 locomotives. Its main service is environmentally friendly and sustainable freight transport by rail, including timber, steel, energy, lime and various consumer and industrial goods via container. The company has had a strong growth path through organic expansion of the customer portfolio in terms of new segments, geographies, partners and suppliers, and has won market shares in both the Scandinavian and German freight transport market.

– The company supports the growth of the European economy by transporting important goods and materials. We continue to see strong demand for our services and look forward to entering the next growth phase with our new owners, Ancala, says Claes Scheibe, CEO of Hector Rail AB.

Ancala’s European Infrastructure Fund II invests in mid-market infrastructure businesses across Europe. Spence Clunie, Managing Partner, Ancala Partners, commented:

– Hector Rail delivers an essential service for its customers and the European economy. We look forward to working with the management team to help Hector’s customers grow and for Hector to provide a high level of service to customers, employees and all other stakeholders.

The takeover is expected to take place within 1-2 months.

For further information, contact: Claes Scheibe, CEO, Hector Rail AB, tel. +46 72 211 20 12

German