Sector: Locomotive leasing services
Main location: Wroclaw, Poland
Investment date: May 2016
Investment cost: II
In May 2016, Abris invested in the largest locomotive leasing operation in the CE region, aiming to support its founders in the further development of the business. As part of the transaction, Abris provided CARGOUNIT (“CU”) with expansion capital to finance the growth (both organically and through acquisitions) and the modernization of its locomotive fleet.
CARGOUNIT, with a diversified fleet of almost 180 mainline electric and diesel shunting locomotives, is the leading provider of tailor-made solutions for the leasing of locomotives on the Polish market, itself the second largest rail freight market in Europe. The demand for CU’s products and services is driven by the growing scale of operations of its customers and their wish to maximize the efficiency of their balance sheets and cash resources.
The Company’s customers typically operate within major domestic industrial groups and enjoy growth rates faster than that of the freight market as a whole. CU’s balanced mix of locomotive assets (a mix of electric and diesel, mainline and shunting, offering a well-maintained used and new fleet) is providing an important competitive advantage.
The founders of the business retain a significant shareholding.