Another rail company changes hands
Hector Rail Group has sold GB Railfreight to Infracapital – the unlisted infrastructure equity arm of the M&GPrudential.
The operator, the third largest freight company in the UK, has a turnover of more than £200 million a year and more than 900 staff. It moves around 23% of all UK’s rail freight.
GBRf Managing Director John Smith said:
“As a business we are now entering an exciting time with Infracapital – I look forward to working closely with our new owners to maintain and surpass our growth ambitions.”
Martin Lennon, Head of Infracapital, said:
“GB Railfreight has shown strong growth in the UK rail freight sector and expanded into new markets, identifying the business as a leader in rail freight. It not only leads in innovation but its environmental credentials set it apart from competitors. We are delighted to be part of the business’s future growth and success.”
Source: Rail News