Corporate News – 28 March 2019

Aves One starts 2019 business year with further rail acquisitions with a volume of about EUR 33 million

Aves One AG, a strongly growing logistics asset holder, has signed further agreements to expand its portfolio. Since the beginning of 2019, transactions with a volume of EUR 32.5 million have been concluded –including the acquisition of 234 flat cars, 40 tank cars and 80 container transport cars. Together with the contracts concluded last year, deliveries of freight and tank cars with a volume of more than EUR 45 million have already been fixed for 2019. This increases Aves One's asset portfolio in the Rail segment to more than 9,300 freight cars with a volume of over EUR 570 million.

All acquired freight cars are leased on a long-term basis. Asset management of the acquired assets is carried out by the two renowned asset managers Wascosa, Lucerne, and ERR European Rail Rent, Duisburg.

"We are continuing our growth course with continuous acquisitions," says Jürgen Bauer, CEO of Aves One AG. "Not least because of the excellent market situation in the freight transport sector, we want to remain active on the acquisition side and further strengthen our portfolio with attractive acquisitions," Bauer continued.