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.
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.’
The three subsidiaries serve distinct markets. Rail Operations Group is a mover of empty stock between depots and overhaul sites, Traxion offers storage of surplus stock in secure yards, while Orion is a start-up in the high-speed freight market.
Orion is mobilising two parcel Class 769s and a parcel Class 319 for a London Gateway to Liverpool Street shuttle (p64, October 2020 issue). The company also has ambitions to enter the long-distance freight market and has stated its intention to order from Stadle…
