Arcapita acquires Freightliner Group
UK-based Freghtliner Group has been acquired by Bahrain-based investment company, Arcapita, for an undisclosed sum.
The transaction is subject to clearance by the European Commission.
Arcapita will acquire Freightliner Group from its previous owners - 3i, Electra Private Equity and Freightliner management and staff. 3i and Electra were the founder majority shareholders of Freightliner at privatisation in 1996.
Freightliner's activities include the haulage of bulk freight as well as maritime containers in the UK. The company has also expanded into Europe with an operational subsidiary in Poland.
The change of ownership will ensure that Freightliner can continue to invest in and develop its Intermodal and Heavy Haul businesses, and enhance its international activities.
The operating companies, executive directors, management and staff will continue to lead the company. All existing contractual relationships, including employment contracts and pensions, will remain unaltered by the change of structure.
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