Investment: European Locomotive Leasing Continues Expansion Course

Vienna, March 3, 2023 – The European Locomotive Leasing Group (ELL), one of the leading asset managers in the European rail market with headquarters in Vienna and Munich, is accelerating its international expansion. By 2025, they plan to invest up to 315 million euros in expanding their own fleet. Currently, the company boasts the largest Siemens Vectron fleet in Europe, and their investment strategy aims to solidify this market position.

In concrete numbers, this means: 56 Vectron locomotives currently in delivery, with an additional 13 already ordered from Siemens. The ELL Vectron fleet will thus grow to a total of 251 locomotives by 2025. Thanks to significant approvals across various countries, these locomotives can be deployed flexibly throughout Europe.

Mag. Christian Kern, CEO of the European Locomotive Leasing Group, succinctly summarizes the expansion: “Our goal is to support our customers’ growth in European passenger and freight transport with our zero-emission locomotives.” ELL exclusively invests in Siemens Vectron locomotives and provides its customers with a specialized network of workshops across Europe. Focusing on a uniform locomotive type allows them to achieve maximum efficiency, highest reliability, and a targeted service business. The investments demonstrate the full confidence of our owners, Axa and Credit Agricole/Predica, in the company and our business model. ELL locomotives represent the most environmentally friendly and modern choice in the rail transport of the future.