Hector Rail’s Owner Announces Intent to Acquire GB Railfreight

Hector Rail’s owner EQT Infrastructure II has submitted an irrevocable offer to acquire GB Railfreight, UK’s third largest rail freight operator.

The proposed acquisition is an integral part of EQT Infrastructure II’s strategy to create a leading independent pan-European rail freight operator through the expansion of Hector Rail Group. The intent is to integrate GB Railfreight into Hector Rail Group, if the offer is accepted.

EQT Infrastructure II has via Hector Rail Group submitted an irrevocable offer to acquire GB Railfreight Limited from Groupe Eurotunnel SE. The acquisition is subject to consultation with Groupe Eurotunnel’s staff representative bodies, after which EQT Infrastructure II and Groupe Eurotunnel are ready to quickly move forward with the transaction and enter into binding agreements.

Founded in 1999 by the current CEO John Smith, GB Railfreight is the third largest rail freight operator in the UK, and provides a wide range of rail transport solutions and rail services to its customers. The Company’s team of 650 people operates over 1,000 trainloads a week, moving ~15% of UK’s rail freight. GB Railfreight has a fleet of over 130 locomotives and 1,100 wagons, transporting goods for customers including Drax, Network Rail, EDF Energy, MSC UK, Aggregate Industries and Tarmac.

“We are very pleased with EQT as our new owner and strongly believe that EQT’s industrial approach and network, extensive rail freight experience and access to capital will be of valuable support to GB Railfreight in our continued growth ambitions”, says GB Railfreight’s CEO and founder John Smith.

“GB Railfreight is a well-managed company with similar values and ambitions as Hector Rail. The proposed acquisition of GB Railfreight is key to further growing Hector Rail, and we are excited to take the group to the next level”, says Joakim Landholm, CEO of the Hector Rail Group.

In preparation for the intended acquisition of GB Railfreight and to continue the successful development of Hector Rail, the board of directors of Hector Rail Group has appointed Joakim Landholm as new Group CEO. Mr. Landholm joined Hector Rail on August 15. Prior to joining he worked at Scandinavian Airlines, most recently as Chief Transformation Officer and before that as Chief Commercial Officer. He has also held executive positions at Codan / Trygg Hansa (RSA Scandinavia) and at GE Consumer Finance Nordic & Baltic.

Presskontakt
Vill du bli kund hos oss?
Kontakta oss för att diskutera en lösning för dina transportbehov.

Andra Nyheter

rpfkiygzpndbprhhktc3

Så vill Hector Rails HR-chef hantera lokförarbristen – ”måste ta ett helhetsgrepp”

Åsa Nordström började som HR-chef på Hector Rail i augusti, men har…
jugf82eqzcxrva2obrsi

Hector Rail söker nya ombordare – ”två jobb i ett”

Sedan maj 2021 bemannas Flixtrains tåg mellan Göteborg och Stockholm av ombordpersonal…
tkghwzw0vhoc5t3hofln

Hector Rails hållbarhetsrapport 2021 – fokus på säkerhet och miljö

I rapporten beskrivs bland annat Hector Rails arbete med hållbarhet och miljö….