Under the terms of the agreement, GRE will purchase the railcars and subsequently lease them back to DB Cargo. The transaction is expected to close by the end of 2025, subject to customary regulatory approvals.
Christopher LaHurd, Senior Vice President International at GATX, said: “We are very pleased to have been chosen by DB Cargo for this significant transaction. This award underscores our commitment to providing innovative and flexible leasing solutions to our customers. The acquisition of these railcars will further diversify our portfolio and strengthen our position in the European rail market.”
Robert C. Lyons, President and Chief Executive Officer of GATX Corporation, added: “GRE has a long and successful history in the European market, and we are confident that this transaction will deliver significant value to our shareholders.”
As of 30 June 2025, GRE’s fleet consisted of approximately 30,500 wagons. The portfolio to be acquired comprises a broad mix of freight railcar types. Additional terms, including the purchase price, will be disclosed upon closing.