Smith Gambrell Russell Advises SBB Cargo AG on Purchase of Locomotives from Stadler Rail
ATLANTA (October 1, 2024) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the Firm advised SBB Cargo AG in connection with the tender and the procurement of a total of up to 129 new mainline locomotives from Stadler Rail Valencia, part of the Stadler Rail Group. The SGR team advised the client on structuring of the tender, tendering, evaluation of offers, drafting and negotiation of the documentation relating to purchase of the locomotives and all related issues. The procurement is part of a long-term strategy to renew all SBB freight rolling stock – including shunting locomotives and freight wagons – by 2050.
“This is a strategic project of SBB Cargo AG to renew its existing fleet of freight locomotives with a new Bo’Bo’ locomotive and we are pleased to have assisted SBB Cargo with this important transaction as the company prepares for the future of rail transport” said Dr. Stefan Buske, Partner in the Corporate Practice of Smith, Gambrell & Russell, LLP and leader of the team on this transaction.
The SGR legal team from the Firm’s Munich office was led by Dr. Stefan Buske, Partner in the Corporate Practice. Dr. Buske possesses more than 25 years of experience in the field of law, having practiced in both the United States and Germany. He focuses his practice on structured finance, corporate law, mergers and acquisitions, leasing, and project financing. From the start of a project to its completion, Dr. Buske provides guidance to financiers, investors, lessors, transportation companies, and public sector agencies.
About SBB Cargo AG
SBB Cargo AG, a subsidiary of Schweizerische Bundesbahnen SBB AG, the Swiss state railways, provides one-seventh of Switzerland's freight transport, transporting 175,000 tons a day for its customers, thus reducing the burden on the roads by 16,000 truck journeys a day and the environment by 432,000 tons of CO per year. For more information, please visit: https://www.sbbcargo.com/.
About Smith Gambrell Russell
SGR is a full-service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The Firm’s nearly 350 attorneys provide legal counsel in more than 50 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, insurance/reinsurance, construction, employment law, international, and employee benefits and executive compensation. Founded in 1893, SGR has 14 domestic and international offices, including Atlanta; Austin; Charlotte; Chicago; Jacksonville, FL; London; Los Angeles; Miami; Munich; New York; Southampton; Springfield, IL; Tampa, FL; and Washington, D.C. For more information, please visit www.sgrlaw.com.
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