MITSUI: The locomotive leasing activities of Mitsui Rail Capital Europe and the Displok business which the Japanese group acquired from Siemens in 2006 will be integrated with effect from April 1.

Mitsui's shares in Dispolok will be transferred to MRCE, which was established as a European loco leasing subsidiary in October 2004. Day-to-day activities, sales and service management will be undertaken by MRCE Dispolok GmbH at the Displok headquarters in München. Corporate operations will be based in Amsterdam, and use the Mitsui Rail Capital Europe BV brand.

Integration of the businesses will combine their industrial and financial strengths as a basis for further expansion and diversification, according Atsuyuki Miki, the Chief Executive of MRCE who becomes Managing Director and Group CEO of MRCE. 'We have not been chasing a holding structure but more a vertical concentration into corporate and market functions'. President & COO of MRCE Michael Stahl becomes Managing Director, Group Marketing & Strategy at MRCE. He said the changes 'combine the strength of both while eliminating weakness.'

  • CAPTION: MRCE Dispolok will be one of the largest European locomotive lessors and service providers, with over 200 locos delivered to customers in more than 10 countries.