Weekly Newsletter

06 October 2023

Weekly Newsletter

06 October 2023

Rolling stock leaser acquires European loco leasing firm MRCE

MRCE will be run as part of Beacon, although the future of staff and operations have not been made clear.

Patrick Rhys Atack October 04 2023

The deal will grow Beacon’s rolling stock leasing options across Europe. Credit: Shutterstock

Beacon Rail Metro Finance, a Luxembourgish rolling stock leasing company, has announced its acquisition of Mitsui Rail Capital Europe (MRCE), a locomotive leasing firm. 

Beacon Rail currently owns around 2,000 rolling stock units, including locomotives, freight wagons, and passenger coaches. It currently works across 18 nations in Europe and the UK.

MRCE is a Netherlands-based subsidiary of Japan’s Mitsui corporation, which specialises in electric locomotive leasing. 

The intention for Beacon to acquire MRCE was first announced in August, with the intention to complete before March 2024. The process was much faster than expected, and has now completed. 

Neither firm publicised the cash or stock value of the deal.

The metaverse may accelerate the travel industry’s recovery, though only compelling use cases will lead to adoption

Large travel and tourism organizations have begun exploring use cases for the metaverse following the devastating impact of the pandemic. Current applications either focus on digital marketing campaigns with real-world rewards for consumers, creating immersive experiences on-site for digitally savvy consumers through AR and VR metaverses, or improving operational efficiency through digital twin technology. However, uptake of the metaverse by smaller operators will remain limited until use cases are affordable and provide a guaranteed return on investment.

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