October 26, 2017

Sheltam rebrands and launches leasing and investment divisions

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SOUTH African private locomotive repair and leasing company, Sheltam, has announced a rebranding and the launch of new rolling stock leasing and railway infrastructure investment subsidiaries.

 

Sheltam Group will be known as Traxtion Sheltam and its new businesses will be called Traxtion Leasing and Traxtion Projects.

The lead investor in the new leasing company is Harith and the business is set to focus on product innovation and flexible financing solutions, with maintenance support and parts supply provision of Traxtion Sheltam. Traxtion Leasing will led by Mr Willem Goosen as CEO, who has 30 years of experience in the global rolling stock sector.

Harith is also underwriting Traxtion Projects, which aims to marry Harith’s extensive financial experience with Traxtion Sheltam’s industry expertise.

Traxtion Group says the new company is Africa’s first rail focussed infrastructure investments offering. It adds that it is seeking to partner with locomotive and freight wagon OEMs, track construction companies, consulting engineers and project developers as it seeks to bring a “new and powerful force to the African rail industry.”

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