Change in the management of the Northrail Group

Northrail, the Hamburg-based leasing provider, manager and developer of innovative investments for rail vehicles, announces that the shareholders of the Northrail Group and Michael Trentzsch, until now Chief Investment Officer and Chief Commercial Officer, have mutually agreed to terminate their employment relationship.

Hamburg, 9 July 2025 – Michael Trentzsch has been part of the company group since 2015. During this time, he played a key role in the success of Northrail, making a significant contribution to our company. His involvement was instrumental in the growth of Northrail, notably through the business development with the rail vehicle manufacturers and the numerous projects achieved over the years. In his most recent role, he was responsible for Investment Management & Business Development, Sales, Legal and Marketing & Communications.

"We would like to express our sincere thanks to Michael for his many years of commitment, his outstanding expertise and the significant successes he has achieved for Northrail. He has played a decisive role in shaping the Northrail company. We wish him all the best for his future career and continued success," says Dr Volker Simmering, Chief Executive Officer.

Michael Trentzsch's responsibilities will, for the time being, be taken over by Dr Volker Simmering, who will initially represent Northrail GmbH and Northrail Investment Management GmbH alone.

Northrail is one of Europe's leading rolling stock leasing companies, asset managers and developers of innovative rolling stock investments. Northrail manages a portfolio of approximately 430 vehicles, including around 250 locomotives and around 180 multiple units and passenger coaches, for freight and passenger transport in Europe, with an investment volume of close to 1.5 billion euros. Northrail's managed fleet includes state-of-the-art electric, dual-mode and hybrid locomotives, battery-powered regional trains, as well as traditional shunting and universal locomotives. Northrail also develops tailor-made leasing services for its clients and organizes the maintenance of leased vehicles based on its ECM I to III licence. Northrail, headquartered in Hamburg (Germany), currently employs around 50 people and is a subsidiary of RIVE Private Investment, an independent European investment firm with offices in Paris, Luxembourg, and Geneva, specializing in transportation assets and energy transition.