Freightliner bought by Bahrainian investment firm

15 June 2008

Freightliner has promised that ‘all existing contractual relationships including contracts of employment and pensions will remain unaltered’ following the purchase of the company by Arcaptita, an international investment firm based in Bahrain.

 

Arcapita has acquired the freight company from 3i and Electra Private Equity for an undisclosed sum and have vowed to continue its investments into both Intermodal and Heavy Haul Businesses as well as developing its international activities.

 

Eddie Fitzsimons has claimed that Freightliner “have a clearly developed business strategy and investment plans remain in place, therefore, it is very much, business as usual.”

 

It is believed that Electra will receive net proceeds of £71.1 million.

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