Siemens Mobility Secures Framework Agreement for Up to 50 Vectron Locomotives with RIVE Private Investment and Northrail

Siemens Mobility Secures Framework Agreement for Up to 50 Vectron Locomotives with RIVE Private Investment and Northrail

(IN BRIEF) Siemens Mobility has signed a major framework agreement with RIVE Private Investment and Northrail for up to 50 Vectron locomotives. The deal includes an initial 15 locomotives and an eight-year full-service contract, with options to purchase additional locomotives and extend the contract. Enhanced with advanced fleet monitoring via the Railigent X suite, the locomotives are set to contribute to Northrail’s sustainable growth and operational efficiency. This agreement strengthens the longstanding partnership between Siemens Mobility and Northrail, continuing the success of their collaboration since 2021.

(PRESS RELEASE) MUNICH, 20-Feb-2025 — /EuropaWire/ — Siemens Mobility has reached a significant milestone with the signing of a framework agreement for 50 Vectron locomotives with RIVE Private Investment, an independent European investment group and parent company of Northrail, a prominent asset manager and leasing provider in the European rail sector. The agreement initially includes the delivery of 15 Vectron locomotives, along with a comprehensive full-service contract for eight years. Additionally, Northrail has the option to acquire an additional 35 locomotives and extend the service contract for an additional eight years, reinforcing its commitment to maintaining a modern, sustainable fleet.

The full-service contract will be enhanced with the innovative Railigent X application suite, which offers advanced fleet monitoring capabilities, allowing for efficient maintenance and lifecycle management of the locomotives.

Northrail to Expand Fleet with Up to 50 New Vectron Locomotives
“We are thrilled that Northrail and RIVE Private Investment have chosen Siemens Mobility once again for their fleet expansion,” said Andre Rodenbeck, CEO Rolling Stock at Siemens Mobility. “With over 2,600 Vectron locomotives sold globally, the platform’s proven reliability and flexibility make it ideally suited for the demands of European rail freight transport.”

Michael Trentzsch, Chief Investment Officer and Chief Commercial Officer of Northrail AG, expressed his confidence in the partnership: “Working with Siemens Mobility provides us with the technical expertise and comprehensive service that are essential for supporting our continued sustainable growth and optimizing operations. These new Vectron locomotives will be integral in helping us achieve our long-term objectives.”

Camille Brunel, Partner at RIVE Private Investment, highlighted the strategic value of the agreement: “This deal further strengthens the position of our RIVE/Northrail rolling stock leasing platform in the railway sector. It also underscores our dedication to investing in sustainable mobility solutions that drive the modal shift and contribute to the decarbonization of land transport. We are excited to continue our partnership with Siemens Mobility as we work together to deliver innovative transport solutions.”

The framework agreement builds upon the successful collaboration initiated in 2021, which recently saw the handover of the 40th Vectron Dual Mode locomotive. This new agreement marks a key step in the continued expansion of Northrail’s fleet and reinforces the longstanding partnership with Siemens Mobility.

With this latest order, Siemens Mobility has now sold over 2,600 locomotives from the Vectron family to 103 customers across 16 countries. The Vectron fleet has completed over one billion kilometers, demonstrating its operational efficiency and performance on a daily basis. The locomotives have received homologation in 20 European countries, further cementing their position as a reliable and flexible solution for rail operators across Europe.

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 2024, which ended on September 30, 2024, Siemens Mobility posted revenue of €11.4 billion and employed around 41,900 people worldwide. Further information is available at: www.siemens.com/mobility

Northrail is one of Europe’s leading rolling stock leasing providers and asset managers and a developer of innovative rolling stock investments. Northrail manages a portfolio of approximately 430 vehicles, including around 250 locomotives and around 180 multiple units and passenger coaches, for freight and passenger transport in Europe, with an investment volume of close to 1.5 billion euros. Northrail’s managed fleet includes state-of-the-art electric, dual-mode and hybrid locomotives, battery-powered regional trains, as well as traditional shunting and universal locomotives. Northrail also develops tailor-made leasing services for its clients and organizes the maintenance of leased vehicles based on its ECM 1 to 3 licence. Northrail, headquartered in Hamburg (Germany), currently employs around 45 people and is a subsidiary of RIVE Private Investment, an independent European investment firm with offices in Paris, Luxembourg, and Geneva, specializing in transportation assets and energy transition. Further information on Northrail is available at: www.northrail.eu

RIVE Private Investment (RIVE) is an independent European investment group specialized in transportation assets and energy transition. Founded in 2013, RIVE currently manages over €1 billion of assets and has completed more than 100 transactions. The RIVE team consists of 28 professionals based in Paris, Luxembourg, and Geneva. RIVE, through its RIVE Transportation Assets Income Fund (RTAIF), invests in assets contributing to the decarbonization of the transportation sector and/or serving essential needs, such as rail, specialized aviation (medical, firefighting, and rescue, etc.), and specialized maritime (electric ferries, support for offshore wind parks, etc.). Since its launch in mid-2021, RTAIF has deployed over €300 million in 10 countries. Further information on RIVE Private Investment is available at: www.rive-investment.com

Media Contacts:

Silke Thomson-Pottebohm
Siemens Mobility
+49 174 305 3307
Silke.Thomson-Pottebohm@siemens.com

Ulrike Börger
Northrail
+49 151 504 405 05
ulrike.boerger@northrail.eu

Sven Lindner
Northrail
+49 40 40 19 99-298
sven.lindner@publicimaging.de

Frédéric Paillet
RIVE Private Investment
+33 1 43 35 49 84
f.paillet@bcadvisory.fr

Victoria Wojtczak
RIVE Private Investment
+33 6 79 75 01 66
v.wojtczak@bcadvisory.fr

Joacquim Berenguer
RIVE Private Investment
+33 6 64 40 21 95
j.berenguer@bcadvisory.fr

SOURCE: Siemens