Freightliner Group Ltd announces that it has been acquired by Arcapita

Freightliner is a successful and growing organisation, with an excellent reputation for reliability and innovation in a demanding market. During 3i and Electra’s ownership, Freightliner has expanded its activities to include the haulage of bulk freight as well as becoming the largest haulier of maritime containers in the UK. Furthermore, it has developed into Europe with an operational subsidiary in Poland. During 3i and Electra’s ownership, employment numbers have grown from 1095 to 1828.

The change of ownership will ensure that Freightliner can continue to invest in and develop its Intermodal and Heavy Haul businesses, and enhance its international activities.

The operating companies, executive directors, management and staff, will continue with little change to lead the company in the future. All existing contractual relationships, including contracts of employment and pensions will remain unaltered by the change of structure.

3i and Electra are pleased with the development of their investment in Freightliner and say that Freightliner’s management have delivered an exceptional performance by concentrating on the efficient delivery of customer focussed rail based logistic services.

Arcapita are pleased to have the opportunity to back the highly professional management team at Freightliner, and their plans for continued growth of the Group.

“I see this as the next stage in the development of Freightliner. 3i and Electra have been very supportive partners, enabling the business to grow into the market leader it is today ” said Eddie Fitzsimons, Chief Executive of Freightliner Group Ltd. “We look forward to the next stage of development in our existing businesses and emerging overseas activities. Freightliner Group has been very successful in a competitive market place, we have a clearly developed business strategy and investment plans remain in place, therefore, it is very much, “business as usual”.