Beacon Rail Leasing completes Ascendos acquisition

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    Beacon Rail Leasing has completed its acquisition of Ascendos Rail Leasing after receiving clearance from Germany’s competition authorities.

    Combined, the new European rolling stock leasing company has a fleet of 225 locomotives, more than 1,000 freight wagons, 55 passenger trains and 67 double-deck coaches.

    Ted Gaffney, chief executive officer of Beacon, said: “The closing on the acquisition of Ascendos marks the beginning of a new chapter for Beacon Rail.

    “We are committed to providing quality, state of the art rolling stock to the UK and European freight and passenger markets and welcome the Ascendos employees to the Beacon family.”

    In May, Beacon Rail Leasing announced an order with CAF for 13 sets of five-car intercity carriages, which it will subsequently lease to TransPennine Express. The carriages will be hauled by the company’s Class 68 diesel locomotives.

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