LokRoll 3 will see the locomotives leased to SBB Cargo over a period of 8 years via its asset manager Northrail GmbH, which commissioned the deal.

The whole transaction has been organised and structured by Paribus Rail Investment Management GmbH. The order will also see local maintenance for the locomotives carried out by Siemens Mobility for eight years.

The Vectrons will be made at the Siemens Mobility site in Munich-Allach and are set to be delivered in 2024.

Albrecht Neumann, CEO Rolling Stock of Siemens Mobility, said:

“The fact that we are again delivering locomotives for Switzerland confirms the high level of reliability and performance of our Vectron platform. 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 customer to plan for the future in a long-term and flexible manner,”

Désirée Baer, CEO of SBB Cargo said:

“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,”

Dr. Stefan Hasenböhler, CEO of Reichmuth & Co Investment Management AG, 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,”

150 Locomotives have already been sold to Swiss customers by Siemens Mobility. This new order of locomotives for SBB Cargo will feature the European Train Control System (ETCS) BL3 alongside the necessary national train control systems.

Siemens Mobility has received over 1,400 orders for the Vectron to date, with Vectron fleets covering more than 600 million km in operation so far.

The Vectron 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.