Siemens Mobility has signed a major framework agreement for 50 Vectron locomotives with RIVE Private Investment, an independent European investment group and parent company of Northrail, a leading leasing provider and asset manager of rolling stock in Europe.
The new agreement covers the delivery of 15 Vectron locomotives, including a comprehensive full-service contract over a period of eight years. There is also an option to order an additional 35 Vectron locomotives and to extend the service contract by eight years. The full-service contract is supported by innovative fleet monitoring, an application from the Railigent X application suite, providing support for maintenance and life cycle management.
“We are delighted that Northrail and RIVE Private Investment have once again opted for innovative Siemens Mobility technology. With more than 2,600 locomotives sold, the Vectron offers both reliability and flexibility and is perfectly designed for the requirements of European rail freight transport,’ said Andre Rodenbeck, CEO Rolling Stock at Siemens Mobility.
‘With Siemens Mobility, we have a partner whose technical expertise and comprehensive service approach will support us in our continued sustainable growth and the optimisation of our operations." said Michael Trentzsch, Chief Investment Officer and Chief Commercial Officer of Northrail AG.
"The new Vectron locomotives will make an important contribution to realising our long-term goals"
‘The conclusion of this agreement further strengthens the RIVE/Northrail rolling stock leasing platform’s strategic positioning in the railway sector and underscores our commitment to future-oriented investments in the field of sustainable mobility. We look forward to pursuing our partnership with Siemens Mobility to drive innovative transport solutions fostering the modal shift and land transport decarbonization,’ said Camille Brunel, Partner Transportation Assets at RIVE Private Investment.
The signing took place immediately before the handover of the 40th Vectron Dual Mode from the current contract. The new framework agreement continues the successful partnership started in 2021 and at the same time marks an important step towards the consistent expansion of Northrail's fleet.
With the latest order, Siemens Mobility has sold over 2,600 locomotives from the Vectron family to 103 customers in 16 countries. The fleet has completed a total mileage of over one billion kilometres to date and proves its efficiency on a daily basis. The locomotives of the Vectron platform have received homologation in 20 European countries.
Image credit: Siemens Mobility
