Reichmuth orders 35 Vectron locomotives from Siemens Mobility for SBB Cargo

Siemens Mobility will deliver 35 Vectron AC locomotives for Reichmuth to lease to SBB Cargo as part of a contract which also includes maintenance for eight years.

A conceptual image of a Siemens Vectron locomotive

Credit: Siemens Mobility

It has been announced that Reichmuth & Co Investment Management AG have ordered 35 Vectron AC locomotives from Siemens Mobility through its investment vehicle LokRoll 3 AG. LokRoll 3 will lease the locomotives to SBB Cargo for eight years through its asset manager Northrail GmbH, which it commissioned for the deal. The entire transaction was arranged and structured by Paribus Rail Investment Management GmbH. The lease also includes local maintenance of the locomotives by Siemens Mobility for eight years. The Vectrons will be manufactured at the Siemens Mobility plant in Munich-Allach and delivered in 2024. 

“The fact that we are again delivering locomotives for Switzerland confirms the high level of reliability and performance of our Vectron platform,” Albrecht Neumann, CEO Rolling Stock of Siemens Mobility, said. “Although the AC locomotives will primarily operate in Switzerland, they can also be used for cross-border service in Germany and Austria. This enables our customers to plan for the future in a long-term and flexible manner.”

“With the Vectron mainline locomotives, we can increase the reliability of our most important transportation equipment and thus further enhance the quality of service for our customers,” Désirée Baer, CEO of SBB Cargo, said.

“We are especially pleased that, together with LokRoll 3, we are now undertaking our third locomotive transaction in cooperation with SBB Cargo and once again relying on the high-quality Vectron AC locomotives from Siemens Mobility,” Dr Stefan Hasenböhler, CEO of Reichmuth & Co Investment Management AG, said.

Siemens Mobility has already sold 150 locomotives to Swiss customers. The new locomotives ordered for SBB Cargo will be equipped with the European Train Control System (ETCS) BL3 as well as the required national train control systems.

More than 1,400 orders for the Vectron from Siemens Mobility have been received to date, and the Vectron fleet has covered over 600 million kilometres in service so far. The locomotive is approved for operation in Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Serbia, Slovakia, Slovenia, Sweden, and Switzerland.