Locomotive leasing company Nordic Re-Finance and SBB Cargo have entered into an agreement for the sale and leasing back of 31 Traxx AC1 electric locomotives. SBB Cargo Switzerland is selling the rolling stock, and SBB Cargo International will lease them back from the Nordic company.
The deal supports Nordic Re-Finance’s ambition to expand its fleet of modern and interoperable electric locomotives for the European rail freight market, the company writes. It also creates “immediate value” and stable cash flows, according to CEO Thorsten Priebe.
For SBB Cargo, the deal creates financial and operational flexibility. “We are pleased to partner with Nordic Re-Finance under a full‑service leasing structure for our international transport solutions. As lessee and operator, we trust that Nordic Re‑Finance will ensure the continued availability and reliable operation of the locomotives”, commented SBB Cargo International’s Head of Strategic Procurement, Tobias Gras.
Traxx AC1 locomotives are well-established in international European freight operations, according to Nordic Re-Finance, and are known for their reliability and operational flexibility.
Partnership with Infranity
Earlier, in December 2025, Nordic Re-Finance acquired 15 electric locomotives from DB Cargo Scandinavia. The SBB Cargo transaction marks its second fleet acquisition since March 2025, when French investment company Infranity took a majority share in the locomotive leasing company.