InfraRed agrees to acquire Scandinavian rail freight operator Hector Rail from Ancala

InfraRed-managed funds agreed to acquire 100% of Scandinavian rail freight operator Hector Rail from Ancala. Hector Rail runs about 100 mostly electric locomotives across Sweden, Norway, Denmark, with operations in Germany. Business serves industrial customers under multi-year contracts with inflation-linked pricing. InfraRed plans investment in additional locomotives, heavy maintenance, and upgrades to support growth. Deal highlights expected tailwinds from a shift from road to rail, with the Fehmarnbelt Tunnel due in early 2030s. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Infrared Capital Partners Ltd published the original content used to generate this news brief on September 28, 2026, and is solely responsible for the information contained therein. (C)