KKR-backed leasing firm orders locomotives from Siemens

By: | at 06:12 AM | 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)