GATX Corp. announced that its subsidiary, GATX Rail Europe (GRE), has entered into an agreement to acquire approximately 6,000 railcars from DB Cargo AG, one of Europe’s largest rail freight operating companies.
Under the agreement, GRE will acquire the railcars from DB Cargo and subsequently lease them back to DB Cargo. The transaction is expected to close by the end of 2025, subject to customary regulatory approvals.
As of June 30, GRE’s fleet consisted of approximately 30,500 wagons. The portfolio to be acquired comprises a diverse mix of freight railcar types.
Additional transaction terms, including the purchase price, will be provided upon completion of the closing.
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