Genesee & Wyoming Inc. Completes Acquisition of Freightliner Group Limited; Enters in is a free online Railroad Discussion Forum and Railroad Photo Gallery for railroaders, railfans, model railroaders and anyone else who is interested in railroads. We cover a wide variety of topics, including freight trains, passenger and commuter railroads, rail news and information, tourist railroads, railway museums and railroad history.

RSS Feed

Automated RSS Reader
DARIEN, Conn.--(BUSINESS WIRE)--Mar. 25, 2015--
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced that it has completed
the acquisition of approximately 94% of Freightliner Group Limited
(Freightliner) for approximately £492 million (approximately US$733
million at current exchange rates), plus the assumption of approximately
£19 million (approximately US$29 million at current exchange rates) of
net debt and capitalized leases. Members of the existing Freightliner
management team will retain an approximate 6% economic interest in
Freightliner, with G&W to have 100% by mid-2020.

In connection with the Freightli...

More... is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to - An online railroad bookstore featuring a curated selection of new and used railroad books. Railroad pictorials, railroad history, steam locomotives, passenger trains, modern railroading. Hundreds of titles available, most at discount prices! We also have a video and children's book section. - An online model railroad bookstore featuring a curated selection of new and used books. Layout design, track plans, scenery and structure building, wiring, DCC, Tinplate, Toy Trains, Price Guides and more.

Affiliate Disclosure: We may receive a commision from some of the links and ads shown on this website (Learn More Here)