End of the job for Wascosa
The Swiss company successfully completes the acquisition of 4,400 NACCO/freight wagons
Wascosa AG and the listed Aves One AG, an investor in logistics assets, closed the acquisition of 4,400 freight wagons from NACCO, a subsidiary of CIT Group.
In addition to taking over operations and wagon leasing contracts, the Swiss railway wagon leasing company will also assume responsibility for NACCO GmbH operations in Hamburg. The remaining 11,000 freight cars will remain with the NACCO Group, which in turn will be taken over by VTG AG, one of the leading wagon leasing and rail logistics companies in Europe.
NACCO's 4,400 freight wagons will be integrated into Wascosa's existing fleet by the end of 2018, thus exceeding the growth target of 10,000 wagons announced at the beginning of 2018 by 40 %.
With an average age of 13 years, Wascosa has the youngest fleet of all European freight wagon leasing companies. NACCO's young and modern rail wagon fleet with flat wagons, open wagons, covered wagons and hopper wagons is an ideal extension to Wascosa’s offerings and allows
Founded in 1964 and headquartered in Lucerne, the family-owned Wascosa AG is a pioneer in freight wagon leasing.