European Locomotive Leasing Group (ELL) Expands Fleet with 200 Siemens Vectron Locomotives

European Locomotive Leasing Group (ELL) Expands Fleet with 200 Siemens Vectron Locomotives

(IN BRIEF) European Locomotive Leasing Group (ELL) has signed a significant framework agreement with Siemens Mobility for the acquisition of up to 200 Vectron locomotives. These locomotives will be used in both passenger and freight services across Europe. ELL initially ordered 60 locomotives, set for delivery starting in 2025, strengthening their existing partnership with Siemens Mobility. By 2027, ELL will operate Europe’s largest Vectron fleet with at least 301 locomotives, potentially expanding to over 400 in the future. This agreement reflects ELL’s confidence in Siemens Vectron locomotives, known for their reliability and efficiency in rail transport.

(PRESS RELEASE) MUNICH, 30-Nov-2023 — /EuropaWire/ — Siemens AG (ETR: SIE), a German multinational conglomerate and Europe’s largest industrial manufacturing company, announces that European Locomotive Leasing Group (ELL), headquartered in Vienna and Munich, has entered into a strategic framework agreement with Siemens Mobility to acquire up to 200 additional Vectron locomotives. These locomotives, designed for both passenger and freight service with various power system variants, will further bolster ELL’s position in the European rail market. An initial order of 60 locomotives is set to be delivered progressively starting in 2025. This marks the fourth framework agreement between ELL and Siemens Mobility, highlighting the enduring and robust partnership between the two companies. By 2027, ELL will boast a fleet of at least 301 Siemens Vectron locomotives, making it the largest Vectron fleet operator in Europe. Moreover, the agreement presents ELL with the potential to expand its Vectron fleet to over 400 locomotives in the medium term.

ELL’s confidence in Siemens Vectron remains unwavering, as the two companies continue to strengthen their collaboration with this latest framework agreement.

Christian Kern, CEO of European Locomotive Leasing Group, remarked, “For ELL, this agreement is a milestone in the company’s development. Our goal is to expand our market leadership in the areas of customer friendliness, reliability, and efficiency. We are convinced of the future of rail. Superior climate friendliness and cost-efficiency on the long international rail axes as well as the structural change in rail freight transport make the full-service leasing of locomotives a highly attractive business for the future. ELL is pursuing a consistent zero-emissions strategy. Our most important assets are our focused fleet policy and a comprehensive service network at more than 30 locations throughout Europe. The development partnership with Siemens and the concentration on a standardized locomotive type are an important building block for us to successfully prevail in this market.”

Albrecht Neumann, CEO Rolling Stock at Siemens Mobility, added, “For many years now, ELL has been relying on the quality and reliability of our Vectron locomotives. This new framework agreement makes a further contribution to climate protection and again underscores the advantages offered by our locomotive platform. With the Vectron, ELL can react flexibly to customer requirements and offer different configurations for providing cross-border transport throughout Europe.”

Key Highlights of the Agreement:

• ELL secures the procurement of a wide range of multi-system locomotives, including the Vectron Dual Mode.
• Optional packages allow ELL to tailor locomotives to specific requirements and applications, including special areas of service.
• Siemens Mobility will actively support ELL in enhancing its competence in vehicle operation, maintenance, and servicing.

The Vectron locomotive, a renowned success factor in rail transportation, has been embraced by customers worldwide. Since its initial delivery in 2012, over 2,200 Vectron locomotives have been sold to 95 customers, collectively covering more than 850 million kilometers. These locomotives are currently authorized for operation in 20 European countries and are manufactured at Siemens Mobility’s plant in Munich-Allach.

Siemens Mobility is a separately managed company of Siemens AG. As a leader in intelligent transport solutions for more than 175 years, Siemens Mobility is constantly innovating its portfolio. Its core areas include rolling stock, rail automation and electrification, a comprehensive software portfolio, turnkey systems as well as related services. With digital products and solutions, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2023, which ended on September 30, 2023, Siemens Mobility posted revenue of €10.5 billion and employed around 39,800 people worldwide. Further information is available at: www.siemens.com/mobility

ELL – The European Locomotive Leasing Group is owned by the private equity division of AXA and Predica/Credit Agricole. ELL was founded in 2013 and leases state-of-the-art electric locomotives for European corridors. The ELL Vectrons can be used for freight and passenger transport and are all equipped with ETCS. Innovative maintenance and an extensive spare parts warehouse round out the company’s full-service leasing concept. To support the flexibility of its customers – internationally operating freight and passenger transport companies – the ELL Vectron has many approvals and opens up the most important international rail freight corridors for its customers. www.ell.co.at

Media contact:

Eva Haupenthal
Siemens Mobility GmbH
+49 (152) 01654597
eva.haupenthal@siemens.com

SOURCE: Siemens