KKR and European Locomotive Leasing at Full Steam Ahead
April 01, 2014
Kohlberg Kravis Roberts has announced it will support the development of European Locomotive Leasing, a provider of full-service locomotive leasing solutions to freight and passenger operators throughout continental Europe. Simultaneously, ELL has ordered as many as 50 Siemens Vectron locomotives for a rumored €200 million ($275 million). The first are to be delivered immediately, with the remaining locomotives to be delivered from 2014 through 2016.