Eurotunnel completes sale of rail freight operator
NEWS  >  Eurotunnel completes sale of rail freight operator
17
Nov

Eurotunnel completes sale of rail freight operator

Founded in 1999 by current chief executive John Smith, GB Railfreight has a fleet of more than 130 locomotives and 1,100 wagons, transporting goods for customers including Drax, Network Rail, EDF Energy, MSC UK, Aggregate Industries and Tarmac.

The company operates over 1,000 trainloads a week, moving 15 per cent of UK’s rail freight.

GB Railfreight employs 650 staff across basses in London, Felixstowe, Peterborough and Doncaster, South Yorkshire. The business is expected to generate revenues of about £125m in 2016.

EQT Infrastructure II, through an indirectly owned company within Hector Rail Group, has completed the acquisition of GB Railfreight.

Chief executive John Smith said: “EQT’s business model is very much aligned with GB Railfreight’s, and I look forward to working closely with our new owners to support our continued growth ambitions.”