News: GBRf acquisition completed
Published 22 November 2016, 12:33
EQT Infrastructure, through the Hector Rail group, has completed its acquisition of GB Railfreight.
It was announced in mid-October that Hector intended to acquire GBRf, previously owned by the Eurotunnel Group’s Europorte subsidiary. Hector Rail is an open access freight operator in Europe, based in Sweden, which also hauls passenger trains under contract for other operators.
John Smith, CEO and founder of GBRf, said: ‘EQT’s business model is very much aligned with GB Railfreight’s, and I look forward to working closely with our new owners to support our continued growth ambitions’.
Bo Lerenius, Industrial Advisor to EQT and Chairman of the Hector Rail Group, said: ‘As one of the UK’s leading rail freight operators, GB Railfreight has proven its strength in the rail industry. The focus on innovation and delivery of outstanding customer service are two key factors that make us believe that GB Railfreight is an excellent fit with Hector Rail.’