Singapore’s GIC Takes Majority Stake in RAILPOOL
Posted on 05/05/2023
The Railpool Group (RAILPOOL) is one of Europe’s premier rail vehicle leasing companies for EV locomotives. It has confirmed that GIC, Singapore’s sovereign wealth fund, has acquired a further 27% stake in the business, purchasing it from German co-owner Palladio Partners.
GIC is now the majority shareholder in RAILPOOL. RAILPOOL was founded in 2008, and GIC first invested in 2016. RAILPOOL has expanded to passenger wagons, FlixTrain, and has made acquisitions, including LocoItalia. The company’s fleet of locomotives is 100% electric and operates a full-service leasing model. Torsten Lehnert, CEO of RAILPOOL, said: “We are pleased to continue the strong and trustful partnership with GIC and Palladio Partners. Both have been successfully driving us on our mission to deliver sustainable traction to rail operators across Europe. Together, we have been remarkably increasing RAILPOOL’s economic footprint throughout the Region.”
Ingo Wurzer, CFO of RAILPOOL, followed: “With GIC and Palladio Partners we have been seeing RAILPOOL thrive through significant organic growth. We remain committed to further support the businesses growth in the new setup.”
RAILPOOL operates in 16 European countries. It has over 400 electric locomotives and 148 passenger vehicles, worth €1.2 billion.
Keywords: GIC Private Limited.
