Hector Rail, Scandinavia’s largest private rail freight provider, is changing hands with Ancala’s agreement to sell the company to funds managed by InfraRed Capital Partners.
Based in Stockholm, Sweden, Hector Rail provides essential services to customers across a range of sectors, including timber and pulp, intermodal freight, and energy. Hector Rail has longstanding relationships with a diversified base of blue-chip commercial and industrial customers, and revenues are supported by multiyear contracts with inflation-linked pricing.
Hector Rail has an enterprise value of SEK 2.61 billion ($263 million). The company operates a fleet of approximately 100 predominantly electric locomotives across Sweden, Norway and Denmark, which transport essential goods and materials for commercial and industrial clients.
Hector Rail also has a presence in Germany, Europe’s largest freight market, and is one of only a few companies that run rail freight between Sweden and
