MRCE sells 27 diesel locomotives to Beacon

oktober 2015

UK based locomotive leasing company Beacon Rail Leasing (‘Beacon’) and locomotive leasing and servicing company Mitsui Rail Capital Europe (‘MRCE’), recently concluded the sales and purchase agreement for 27 diesel locomotives. The locomotives are between 8 and 12 years old and were sold with lease contracts to various rail cargo operators in place.

The fleet includes 17 EMD Class 66 locomotives and 10 Siemens ER20 locomotives and they are operated throughout continental Europe. The deal includes all rights and obligations under the existing active lease contracts and strengthens the strategic position of both companies.

 “For more than 10 years we have had a strong position in the European railway market.” stated Masayoshi Hosoya, CEO of MRCE. “This strong position comes from differentiated technical expertise and strong relationships with our clients. Those strengths have been helping us to build a portfolio which is prepared for the future. MRCE is constantly working on improving its services and locomotive fleet and for this reason we decided to sell these locomotives and to invest in core assets. With this transaction we believe we are creating a win-win situation for both companies involved. It allows MRCE to focus more on enhancing our core competencies of technical services and capturing the fast-growing demand of the locomotive lease market.”