Beacon Rail Metro Finance B.V. (Beacon Rail) announced that it has completed the acquisition of Mitsui Rail Capital Europe B.V. (MRCE).

Mitsui & Co., Ltd. (Mitsui) has entered into a share purchase agreement to sell all its shares in Mitsui Rail Capital Europe B.V. (MRCE), a wholly-owned subsidiary involved in full-service locomotive leasing business in Europe, to Beacon Rail Metro Finance B.V. This divestment is in line with Mitsui's ongoing strategy to restructure its business portfolio. The transaction is anticipated to conclude by the end of the fiscal year ending March 2024, pending approval from the relevant authorities.

Beacon Rail, headquartered in Luxembourg, specializes in rolling stock leasing for the UK and European markets. They manage 507 locomotives, 1,200 freight wagons, and 515 passenger vehicles across 18 countries. Established in 2004, MRCE, a Mitsui subsidiary in the Netherlands, boasts 229 electric locomotives and provides comprehensive services through third-party workshops, including maintenance, training, and logistical support.