In Business
CLASS 93s IN PROSPECT?
RAIL OPERATIONS (UK) Ltd, together with its subsidiaries Rail Operations Group, Orion and Traxion, has announced that it has attracted significant new investment from STAR Capital Partnership, a European fund manager.
‘319’ for logistics service: No 319373 is hauled by loco No 57312 past Old Basing en-route from Eastleigh to Wembley on 17 November 2020. The unit has been converted for transporting parcels for Orion’s High Speed Logistics operation; as well as carrying its Orion livery it bears a Royal Mail logo above one of the driving windows.
Ian Francis
STAR will acquire a majority stake in the Group, alongside existing management. ‘Additionally, STAR will provide significant growth capital to fuel the Group’s ambitious expansion plans’ the company said in a statement. ‘Growth capital will allow the Group to acquire newly built and existing traction and rolling stock fleets, expand Orion High Speed Logistics, make further company acquisitions and develop its range of rolling stock engineering services.’
