Siemens Mobility has signed a framework agreement with the European investment group RIVE Private Investment to supply up to 50 Vectron locomotives to the rolling stock leasing and asset management company Northrail, which is a subsidiary of the German company RIVE Private Investment.

The initial order is for 15 Vectron locomotives with an option for 35 additional locomotives and includes a comprehensive full-service contract for eight years, with an option to extend to 16 years.

Siemens will equip the locomotives with its innovative fleet monitoring solution based on its Railigent X application suite, which provides support for maintenance and life cycle management.

The signing of the new framework agreement took place immediately before Siemens handed over to Northrail the 40th Vectron Dual Mode locomotive from its current contract.

Siemens started their partnership with Northrail in 2021, and this new framework agreement continues the partnership as an important step towards expanding Northrail’s fleet.

Northrail sees Siemens Mobility as a partner whose technical expertise and comprehensive service approach support it in its continued sustainable growth and optimisation of its operations, with the new Vectron locomotives making an important contribution to realising its long-term goals.

Siemens Mobility has now sold over 2,600 Vectron locomotives to 103 customers in 16 countries, with the fleet accumulating a total mileage of over one billion kilometres. Vectron locomotives have also received homologation in 20 European countries.

As one of Europe’s leading rolling stock leasing providers and asset managers, Northrail manages a portfolio of approximately 430 vehicles, including around 250 locomotives and around 180 multiple units and passenger coaches. These include state-of-the-art electric, dual-mode, and hybrid locomotives, and battery-powered regional trains, as well as traditional shunting and universal locomotives.

In 2023, Siemens Mobility signed an agreement with European Locomotive Leasing Group for up to 200 Vectron locomotives and last year it signed an agreement with Railpool for up to 250 Vectrons.

“The conclusion of this agreement further strengthens the RIVE/Northrail rolling stock leasing platform’s strategic positioning in the railway sector and underscores our commitment to future-oriented investments in the field of sustainable mobility. We look forward to pursuing our partnership with Siemens Mobility to drive innovative transport solutions fostering the modal shift and land transport decarbonization.”

Camille Brunel, Partner Transportation Assets at RIVE Private Investment