OnTrain: Pioneering a Modern Locomotive Leasing Renaissance in Europe
Deal News | Dec 16, 2024 | Marguerite Adviser SA
OnTrain, a newly established locomotive leasing platform backed by Marguerite Adviser SA, Griffin Capital Partners, and WBW Invest, focuses on providing modern locomotives to European rail carriers. The platform has already made significant investments by ordering 80 new locomotives from manufacturers Alstom and Newag, specifically catering to the modernization and decarbonization agenda in Europe. Headquartered in Poland, OnTrain is strategically positioned to serve as a nodal point for intermodal transport across Europe. Marguerite, a pan-European infrastructure investor, along with its partners aim to capitalize on the region's growing demand for modern rail solutions, ushering in an era of efficient, environmentally-friendly transportation. OnTrain's strategy is heavily centered around offering leasing options with accompanying maintenance services, focusing on cross-border transport solutions that comply with the highest modern standards, including the European Train Control System (ETCS). As Poland's logistics sector grows and obsolete rail fleets exhibit an urgent need for renewal, OnTrain's platform enters the market with the promise of a modern, fast, and reliable fleet to accommodate Poland's already impressive rail freight market. Prominent advisory firms like Rymarz Zdort Maruta, Baker & McKenzie, SCI Verkehr, and MDDP have been involved in facilitating the launch.
Sectors
- Infrastructure and Transportation
- Renewable Energy and Decarbonization
Geography
- Poland – Poland serves as the headquarters for OnTrain and represents a significant corridor for rail freight transport, thus playing a crucial geographical role in the business model.
- Europe – The initiative aims to modernize and provide rolling stock suitable for operation across various EU countries, addressing modern logistics solutions and environmental goals.
Industry
- Infrastructure and Transportation – This article relates to the infrastructure and transportation sector due to the focus on modernizing and leasing locomotives across Europe, aimed at upgrading rail transportation logistics.
- Renewable Energy and Decarbonization – The initiative supports environmentally-neutral transport, aligning with broader energy transition trends and efforts at decarbonization in the transportation sector.
Financials
- 80 locomotives – OnTrain placed orders for 80 locomotives to be manufactured by Alstom and Newag.
Participants
Name | Role | Type | Description |
---|---|---|---|
OnTrain | Target Company | Company | A locomotive leasing platform offering modern locomotives to European rail carriers, backed by Marguerite, Griffin Capital Partners, and WBW Invest. |
Marguerite Adviser SA | Investor | Company | A pan-European infrastructure investor leading the investment in OnTrain. |
Griffin Capital Partners | Investor | Company | A privately-owned investment and asset manager involved in the OnTrain initiative. |
WBW Invest | Investor | Company | A Polish investment company with expertise in private rail business and rolling stock leasing, participating in OnTrain. |
Alstom | Supplier | Company | Manufacturer contracted to supply Traxx 3 multisystem locomotives to OnTrain. |
Newag | Supplier | Company | Manufacturer contracted to supply Dragon 2 LM heavy electric locomotives to OnTrain. |
Rymarz Zdort Maruta | Legal Advisor | Company | Provided legal advisory services for OnTrain's establishment. |
Baker & McKenzie | Legal Advisor | Company | Provided legal advisory services for OnTrain's establishment. |
SCI Verkehr | Advisor | Company | Advisory firm involved in OnTrain's establishment. |
MDDP | Advisor | Company | Advisory firm involved in OnTrain's establishment. |