04-18-2018News

Heuking Kühn Lüer Wojtek advises northrail on sale of railway repair plant in Hamburg to RAILPOOL group

Effective April 1, 2018, Paribus group sold all shares in northrail technical service GmbH & Co. KG to a Railpool group company. At the same time, a long-term lease agreement on the target company‘s premises was concluded. Led by Partner Dr. Christoph Froning, Heuking Kühn Lüer Wojtek provided comprehensive legal advice to Paribus group’s selling companies in concluding the purchase and lease agreements.

Since 2009, northrail technical service GmbH & Co. KG has been successfully operating on the market as a workshop service provider for locomotives. It offers preventive and corrective maintenance and supports locomotive acceptance and maintenance planning with a wide range of rail vehicles. The brokerage of rail vehicles and spare parts is also part of its business.

northrail GmbH (northrail) is a leading German asset manager and lessor of rail vehicles. Founded in 2008, the company is majority owned by Paribus group. northrail's service range extends from advising on the acquisition of vehicles to rental, ongoing support for lessees, coordination of maintenance and repairs to the sale of rail vehicles. northrail currently manages a pool of more than 125 locomotives and 93 passenger aircraft.