Brunswick Rail acquires Proftrans

Posted: 30 August 2011 | | No comments yet

Brunswick Rail, Russia’s leading railcar operating lessor, has announced the purchase of the rail operator Proftrans…

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Brunswick Rail, Russia’s leading railcar operating lessor, announced today the purchase of the rail operator Proftrans.

Proftrans specializes in the transportation of metal cargoes by rail.  The company’s rail fleet consists of 1,647 gondolas with an average age of 3.5 years. This transaction both increases the lessor’s railcar fleet and widens the array of services that Brunswick Rail can offer.

Commenting on the deal, Brunswick Rail Deputy CEO and Director of Business Development Vladimir Khoroshilov said:  “Proftrans was a very good acquisition for us. With this deal we have not only expanded our fleet and our client base – we have also gained the ability to act as a rail operator on commercially attractive routes.”

Viktor Mostovoy, CEO of Proftrans noted:  “Brunswick Rail is well known as one of the leading players on the market. We are very happy to join such a strong company and are certain that our future together will be interesting and successful.”

Brunswick Rail Head of Corporate Finance Victor Koshkin added: “This deal is interesting and unique because Brunswick Rail has purchased a successfully operating business instead of just railcars.  This demonstrates that we are able to grow through the acquisition and integration of businesses that are of interest to us, and that Brunswick Rail can be an active participant in the coming consolidation of the rail market.”

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