Hector Rail is the largest privately-owned rail freight operator in Scandinavia and one of the few operating between Sweden and Germany. The company says it is developing its presence in Germany, Europe’s largest freight market, by focusing on attractive niche segments such as energy and intermodal traffic.

Founded in 2004, Hector Rail has more than 100 locomotives and more than 400 employees, with a turnover of approximately SKr 1bn ($US 107.9m). The company carries a products including timber, steel and lime and has agreements with several major customers and suppliers.

EQT agreed to sell British private freight operator GB Railfreight on behalf of Hector Rail in September 2019.

“Hector Rail delivers an essential service for its customers and plays a key role in the growth of the European economy,” says Ancala managing partner, Mr Spence Clunie. “We look forward to working with the management team to help Hector’s customers grow and for it to provide a high level of service to customers, employees and all other stakeholders. The company’s environmentally friendly transport proposition also means it is well-placed to continue serving the needs of customers increasingly seeking such solutions.”

“The company supports the growth of the European economy by transporting important goods and materials,” says Hector Rail CEO, Mr Claes Scheibe. “We continue to see strong demand for our services and look forward to entering the next growth phase with our new owners, Ancala.”