Thursday, 29 November 2012

Macquarie enters Rosco market

This from Macquarie

Macquarie Acquires Rolling Stock Business From Lloyds, Launches New Rail Business

Macquarie Group has launched a new rail business, Macquarie European Rail, and agreed to acquire a European rolling stock leasing business from Lloyds Banking Group.

It has acquired from Lloyds a fleet of rolling stock leased to the franchisee of the Stansted Express airport rail service, and also a rail freight portfolio of locomotives and wagons under operating lease to two operators in the United Kingdom.

The deal also involves the acquisition of a continental European rail freight and passenger portfolio of locomotives, passenger trains and wagons on operating lease to operators in Europe.

For those interested in such things this involves CB Rail (the continental rolling stock lessor), the Stansted Express Electrostar (cl379) fleet and some UK freight assets (including some 66s, the Class 70s and wagons).

What is unclear at the moment is whether this deal includes the Cross Country and West Coast Voyager fleets?

Siemens buy Invensys

This from the Graun...

Engineering group Invensys shocked the City on Wednesday night when it sold its rail business to German rival Siemens for £1.74bn, in the latest foreign takeover of a British technology firm.

If you can't beat them, buy them!