Freight News, Rail

Freightliner sale complete

[ March 26, 2015   //   ]

US-based railroad company Genesee & Wyoming completed the acquisition of about 94% of Freightliner Group for around £492 million (US$733 million) on 26 March. It has also assumed £19 million ($29 million) of net debt and capitalized leases. Members of the existing Freightliner management team will retain a 6% economic interest in Freightliner, but G&W will own 100% of the company by mid-2020.

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