GATX Corporation announced that its subsidiary, GATX Rail Europe (GRE), has entered into an agreement to acquire approximately 6,000 freight railcars from DB Cargo AG. DB Cargo AG is recognized as one of Europe's largest rail freight operating companies, making this a notable transaction in the European rail market.
Under the terms of the agreement, GRE will acquire the railcars and subsequently lease them back to DB Cargo. This arrangement ensures continued utilization of the assets while expanding GRE's owned fleet and strengthening its relationship with a major European rail operator.
The transaction is expected to close by the end of 2025, pending customary regulatory approvals. This acquisition will enhance GATX Rail Europe's asset base and operational capabilities, contributing to GATX's overall diversified global portfolio and its strategic growth initiatives in international markets.
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