Northrail expands fleet with new Siemens locomotives

Banking & Financial Services
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Andreas Rudolf CFO | Siemens Financial Services

Northrail has announced an expansion of its fleet with the acquisition of up to 50 new Vectron locomotives from Siemens Mobility. This move is part of Northrail's strategy to enhance its operations and support sustainable growth.

Andre Rodenbeck, CEO Rolling Stock at Siemens Mobility, expressed satisfaction with the ongoing partnership: "We are delighted that Northrail and RIVE Private Investment have once again opted for innovative Siemens Mobility technology. With more than 2,600 locomotives sold, the Vectron offers both reliability and flexibility and is perfectly designed for the requirements of European rail freight transport."

Michael Trentzsch, Chief Investment Officer and Chief Commercial Officer of Northrail AG, highlighted the significance of this collaboration: "With Siemens Mobility, we have a partner whose technical expertise and comprehensive service approach will support us in our continued sustainable growth and the optimisation of our operations. The new Vectron locomotives will make an important contribution to realising our long-term goals."

Camille Brunel from RIVE Private Investment emphasized the strategic importance of this agreement: "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."

The agreement was signed just before the handover of the 40th Vectron Dual Mode locomotive from a previous contract. This new framework continues a successful partnership that began in 2021 and represents a significant step towards expanding Northrail's fleet.

Siemens Mobility has now sold over 2,600 Vectron locomotives to 103 customers across 16 countries. The fleet has accumulated over one billion kilometers in total mileage, demonstrating its efficiency daily. The Vectron platform has received homologation in 20 European countries.