Asset manager invests in Akiem loco leasing business
EUROPE: SNCF Logistics subsidiary ERMEWA has announced an agreement for Deutsche Asset Management to take a 50% equity stake in its Akiem locomotive leasing business with effect from March.
ERMEWA said it was aiming to consolidate Akiem's position in the ‘rapidly expanding’ freight locomotive leasing market. The greater resources at its disposal following the deal would enable it to nearly double the size of its fleet of more than 300 locomotives over the next 10 years.
‘This strategic action will allow us to sustain Akiem's growth in France and Europe with a partner who shares our long-term vision for the future and for the company's operational development’, said ERMEWA Group President David Zindo.