GB Railfreight has announced that Hector Rail Group has sold the business to Infracapital.
Over the past three years under EQT's tenure, GB Railfreight has grown considerably, expanding across the UK and into new markets.
The most exciting for the train company being the intermodal market, with a range of new routes. This includes a new Southampton to Manchester intermodal service which launched earlier this month.
Together EQT and GB Railfreight have seen the business become the third largest rail freight operator in the UK.
What did the officials say?
John Smith, Managing Director at GB Railfreight, said:
“We have grown at an incredible rate under EQT. It has been a real pleasure working with EQT over the past three years to become a leading rail freight provider. As a business we are now entering an exciting time with Infracapital – I look forward to working closely with our new owners to maintain and surpass our growth ambitions.”
Martin Lennon, Head of Infracapital, said:
“GB Railfreight has shown strong growth in the UK rail freight sector and expanded into new markets, identifying the business as a leader in rail freight. It not only leads in innovation but its environmental credentials set it apart from competitors. We are delighted to be part of the business's future growth and success.”
Where Next?
News Homepage
For the Latest Railway News
RailAdvent Online Shop
Framed Prints, DVD's / Blu-Ray's and more
LocoStop Community
Come and share your railway pictures
GB Railfreight
Visit their website
