Freight News, Rail, Sea

PD Ports owner to buy Freightliner parent

[ July 1, 2019   //   ]

Brookfield Infrastructure, owner of Teesport operator PD Ports in the UK as well as a range of ports, transport and other infrastructure throughout the world, is to take over Genesee & Wyoming, which owns UK rail firm Freightliner and container services firm Pentalver. Canadian-based Brookfield is part of a consortium including Singapore investment fund GIC has acquired the mainly US-based company for $8.4 billion.

Brookfield describes itself as one of the world’s largest infrastructure investors, active in utilities, transport, energy and data infrastructure.