Corporate News – 24 October 2018

Aves One acquires rail assets with a volume of around EUR 38 million

  • 294 freight and tank cars with an investment volume of EUR 24.6 million acquired
  • Delivery of a further 155 freight cars with a total volume of EUR 13.2 million in the coming months

Aves One AG, a strongly growing asset owner in logistics assets, is further expanding its fleet of freight and tank cars. Following the recent successful acquisition of around 4,400 wagons from the NACCO fleet, the company has made further investments and is thus continuing its growth course.

This year, 294 freight and tank cars with a volume of EUR 24.6 million have already been added to the portfolio. The wagons are fully rented and thus contribute to a further increase in the capacity utilisation of the overall stock. A further 155 wagons with a total volume of EUR 13.2 million, most of which have already been rented, will be delivered to Aves One by the end of the year.

Jürgen Bauer, Member of the Management Board of Aves One AG:
“With the recently announced NACCO transaction and other smaller acquisitions, we will more than double the value of our fleet of freight cars and tank wagons in the course of the year to more than EUR 500 million. We are currently experiencing high demand for freight and tank cars and are concluding attractive long-term rental agreements. Our successful follow-up leases also show the good state of the freight and tank wagon market at present.”