Beacon Rail Leasing, a rolling stock lessor, has entered into an agreement to acquire Ascendos Rail Leasing S.à r.l., a European locomotive and rolling stock leasing company.
Ascendos’ current portfolio includes 35 locomotives and 100 freight wagons on lease in Belgium, the Netherlands and Germany, 35 passenger train units on lease in Germany, and 67 double decker coaches on lease in Denmark.
The completion of the transaction is subject to customary conditions, including clearance with the German competition authorities. The transaction is expected to be completed during the second quarter of 2016.
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