FREIGHT wagon and tank container leasing company Ermewa Group has announced it has changed its name and branding to Streem.

French National Railways (SNCF) finalised the sale of Ermewa, Europe’s second largest freight wagon and tank container leasing company, to a consortium of Caisse de dépôt et placement du Québec (CDPQ) and German asset manager DWS Group in October 2021.

Streem, which has offices in more than 40 locations and more than 1300 employees, has five subsidiaries: Ermewa, which owns more than 45,000 wagons across Europe; Inveho workshops, which undertakes wagon maintenance and production in France and Germany; and Eurotainer, Raffles Lease, and Demi which lease tank containers. Eurotainer and Raffles Lease together own more than 80,000 ISO tank containers worldwide, while Demi operates dedicated tank container storage and maintenance facilities.

Streem CEO, Mr David Zindo, says the company is aiming to double its revenue by 2030 “while actively contributing to the carbon neutrality agenda.” He says that the company has accelerated its development in the 18 months since the takeover was completed, which has included modernising its fleet and embracing innovation.

“The evolution of the Ermewa Group brand is a key strategic shift,” says Zindo. “Streem reflects a global vision to reaffirm our market leadership and put our values at the heart of our discourse. This new name reflects the fluidity, the dynamism, and the unity of our group, with all of us driven by a common vision. Our new signature, ‘enabling the future of freight,’ supports our common ambition to offer the best sustainable solutions to our clients. Streem gives us a new identity that looks to the future, where innovation rhymes with leadership, and reliability with sustainability.”