SNCF and DWS finalize the sale of the Akiem Group

SNCF and DWS finalize the sale of the Akiem Group

CDPQ has acquired the entire capital of Akiem, a leading provider of locomotive leasing services in Europe, from the SNCF Group and DWS.

With revenues of nearly EUR 220 million, EBITDA of around EUR 150 million in 2021, a fleet of over 600 locomotives, 46 passenger trains, and some 250 employees, Akiem is the European leader in locomotive leasing and maintenance. The closing of the transaction follows the finalization of the customary consultation procedures with employee representative bodies of SNCF Group and Akiem and the confirmation of the required regulatory approvals.

“CDPQ is thrilled to acquire Akiem,” commented Emmanuel Jaclot, Executive Vice President and Head of Infrastructure at CDPQ and continued: “Akiem’s size and positioning across the entire value chain, including maintenance, give it a significant competitive edge to benefit from the expected growth in the locomotive leasing market across Europe. With three-quarters of its fleet already operating on electricity, Akiem offers a sustainable response to the challenges of decarbonizing transport – a solution that appealed to us from the start.”

Akiem is headquartered in France and has 8 other offices in Europe. It has the largest fleet on the continent, 75% of which is made up of electric locomotives, and this share is expected to increase in the coming years. The company provides the local expertise to over 80 customers operating in 21 countries.

"After a fruitful collaboration with SNCF and DWS, we intend to pursue our growth strategy and will continue to innovate in order to strengthen the quality and performance of our freight and passenger solutions for our customers. We are confident that CDPQ and its teams will support our ambition and growth,” said Fabien Rochefort, CEO, Akiem Group.

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