European Locomotive Leasing to buy 200 Vectrons from Siemens Mobility

European Locomotive Leasing Group (ELL) and Siemens Mobility have signed a deal for the delivery of up to two hundred more Vectron locomotives.

Siemens will provide the locomotives in various power system variants, which ELL, which is based in Vienna and Munich, will use in both passenger and freight service. ELL had initially ordered sixty locos, which Siemens will deliver from 2025.

The new framework agreement is the the fourth between the two companies. By 2027, ELL will have at least 301 Siemens Vectron locomotives in service, which will be the largest Vectron fleet in Europe. The new agreement also offers ELL the possibility of increasing its Vectron fleet to over four hundred locomotives in the medium term.

Under the framework agreement, ELL procures a range of multi-system locomotives, including the Vectron Dual Mode. ELL can equip the locomotives to meet specific requirements and applications, and to operate in special areas, by ordering optional packages. Siemens Mobility will support ELL in buildings its competence in vehicle operation, maintenance,and servicing.

Siemens delivered its first Vectron in 2012, and since then has sold 2,200 of the locos to 95 customers, which between them cover over 850 million kilometers. The locomotives have approval to run in twenty European countries. Siemens builds the Vectrons, in all variants, at its plant in Munich-Allach.

Vectrons have been bought by companies including Mitsui Rail Capital Europe, SBB Cargo International AG and Cargounit.

Christian Kern, CEO European Locomotive Leasing Group, said, “For ELL, this agreement is a milestone in the company's development. Our goal is to expand our market leadership in the areas of customer friendliness, reliability, and efficiency. We are convinced of the future of rail. Superior climate friendliness and cost-efficiency on the long international rail axes as well as the structural change in rail freight transport make the full-service leasing of locomotives a highly attractive business for the future. ELL is pursuing a consistent zero-emissions strategy. Our most important assets are our focused fleet policy and a comprehensive service network at more than 30 locations throughout Europe. The development partnership with Siemens and the concentration on a standardized locomotive type are an important building block for us to successfully prevail in this market.”

Albrecht Neumann, CEO Rolling Stock at Siemens Mobility, said, “For many years now, ELL has been relying on the quality and reliability of our Vectron locomotives. This new framework agreement makes a further contribution to climate protection and again underscores the advantages offered by our locomotive platform. With the Vectron, ELL can react flexibly to customer requirements and offer different configurations for providing cross-border transport throughout Europe.”