Macquarie Group has agreed to sell its rolling stock leasing business, Macquarie European Rail, to Akiem Group, one of the largest providers of locomotive leasing and related services in Europe.
Macquarie European Rail leases passenger and freight rolling stock to train operators across Europe and the United Kingdom.
Financial terms of the deal were not disclosed.
Paris-based Akiem manages a fleet of 440 locomotives in Europe. The company is held 50 percent by Transport Logistique Partenaire and 50 percent by Eurotraction, a subsidiary of a Deutsche Asset & Wealth Management (DWS) private equity fund.
The deal is subject to customary closing conditions.
