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Issue #583 | Forest Products

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Forest Products

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2014 Media Kit
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KKR-backed leasing firm orders locomotives from Siemens

By: | at 06:12 AM | Channel(s): Intermodal  

European Locomotive Leasing (ELL), a leasing firm with financial backing by buyout group KKR , is ordering up to 50 locomotives from German industrial conglomerate Siemens.

Delivery will start immediately and run until 2016, Siemens said in a statement on Monday.

Financial details of the contract were not provided. (Reporting by Kirsti Knolle; Editing by Victoria Bryan)