Nordic Re-Finance acquires 31 Traxx AC1 electric locomotives from SBB Cargo Switzerland

By Global Infrastructure Sherpa · Feb 20, 2026

Acquisition Rail announced Switzerland Feb 20, 2026

Nordic Re-Finance has entered into an agreement to acquire 31 Traxx AC1 electric locomotives from the Swiss freight rail operator SBB Cargo Switzerland. As part of the transaction, Nordic Re-Finance will assume an existing lease agreement with SBB Cargo International.

Deal Analysis

Nordic Re-Finance's acquisition of 31 Traxx AC1 electric locomotives from SBB Cargo Switzerland represents a strategic asset transfer within the European rail freight sector. The deal involves Nordic Re-Finance assuming an existing lease agreement with SBB Cargo International, indicating a complex financial arrangement and a continued operational role for SBB Cargo International despite the change in ownership of the locomotives. While the financial details remain undisclosed, the transaction signifies a potential shift in asset ownership and financing models within the rail industry. This acquisition allows Nordic Re-Finance to expand its portfolio of rail assets and potentially generate revenue through leasing or other operational arrangements. For SBB Cargo Switzerland, the sale likely frees up capital for reinvestment in other areas of its business or allows for optimization of its asset base. The deal underscores the ongoing importance of electric locomotives in European rail freight and the role of specialized financial entities like Nordic Re-Finance in facilitating asset ownership and management within the sector.

Nordic Re-Finance acquires 31 electric locomotives from SBB Cargo Switzerland.
The deal involves the assumption of an existing lease agreement with SBB Cargo International.
The transaction highlights the role of specialized financial entities in rail asset management.
Financial details of the acquisition remain undisclosed.

Market Context: The deal occurs within the European rail freight sector, where electric locomotives play a crucial role. Asset financing and leasing are common practices, with specialized companies facilitating ownership and management of rolling stock.

Source Intelligence

KEY DETAILS

The transaction supports Nordic Re-Finance AB’s strategy to expand its portfolio of modern, interoperable electric locomotives serving the European freight rail market. "The locomotives will be leased under a full-service lease agreement, ensuring uninterrupted operational use as well as comprehensive maintenance and technical support. This structure provides continuity, reliability and operational stability for all parties involved."

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Location

from the Swiss freight rail operator SBB Cargo Switzerland

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Announcement

FEBRUARY 20, 2026

PARTIES MENTIONED IN SOURCE

Nordic Re-Finance buyer

"Nordic Re-Finance has entered into an agreement to acquire 31 Traxx AC1 electric locomotives from the Swiss freight rail operator SBB Cargo Switzerland."

SBB Cargo Switzerland seller

"Nordic Re-Finance has entered into an agreement to acquire 31 Traxx AC1 electric locomotives from the Swiss freight rail operator SBB Cargo Switzerland."

SBB Cargo International

"As part of the transaction, Nordic Re-Finance will assume an existing lease agreement with SBB Cargo International."

Infranity

"The transaction marks the company’s second fleet acquisition since forming a new partnership with Infranity in March 2025."

DBC Scandinavia

"It follows the purchase of 15 electric locomotives from DBC Scandinavia in December 2025."

medium quality Enriched Feb 21, 2026