EUROPE: KKR is to acquire a majority stake in Wien-based locomotive leasing company Green Mobility Partners.
The global investment company said it would provide capital and strategic support to help GMP scale its fleet and pursue opportunities for organic growth and strategic acquisitions.
Vectron fleet
GMP was formed in 2024 by Christoph Katzensteiner, who was formerly CEO of European Locomotive Leasing which he founded with backing from KKR. He has also held CFO roles at Railpool and GATX.
In October 2024, GMP announced a framework contract for Siemens Mobility to supply and support up to 50 Vectron electric locomotives, with a firm order for an initial eight to be made available to passenger and freight train operators under full-service leases.
KKR’s investment in GMP was announced on December 22 2025 and is subject to customary approvals.
‘Europe’s rail infrastructure requires significant modernisation to meet its decarbonisation objectives’, Katzensteiner said. ‘With KKR’s support and our established relationships with both operators and manufacturers, GMP is ideally positioned to provide the flexible, sustainable infrastructure solutions that Europe’s rail sector urgently needs as it transitions to a low-carbon future.’
‘Rail is at a critical moment’
Vincent Policard, Co-Head of European Infrastructure at KKR, said ’rail is at a critical moment in Europe, with an ageing fleet that faces significant challenges to modernise. Christoph is a trusted founder who knows these challenges better than anyone, and crucially, how to address them.
‘GMP combines a resilient, contract-backed business model with powerful secular tailwinds in both locomotive and passenger rail leasing. By providing flexible capital solutions and leveraging our global infrastructure expertise, we can support GMP’s growth and contribute to Europe’s sustainable transport infrastructure.’
