A Framework Agreement for 25 Smartrons

Siemens Mobility and Paribus Holding GmbH & Co. KG, a Hamburg-based investment and asset management company for rail rolling stock and real estate, have signed a framework agreement for the delivery of 25 Smartron locomotives. The deal was arranged and structured by Paribus for Paris-based RIVE Private Investment. The asset management of the locomotives will be handled by northrail GmbH, the rail asset management subsidiary of Paribus.

Four locomotives valued at 2.5 million EUR each have already been ordered. Three of these will be leased by northrail GmbH to TX Logistik AG. The locomotives are intended for freight transport in Germany. Deliveries are scheduled to begin in October 2019. Siemens Mobility will also be responsible for maintenance of the locomotives for a period of eight years.