CDPQ and DWS Group, an asset management firm, completed the acquisition of Ermewa, a rail-based supply chain, from SNCF, a logistics and transportation company. Financial terms were not disclosed. "We look forward to working with Ermewa's highly experienced management team alongside our active partner CDPQ to unlock Ermewa's full potential and ambitions in the European railcar and global tank container markets. We are pleased to continue our strong relationship with SNCF through this transaction, demonstrating trust in our ability to drive value through active asset management and partnership approach." He added: "With a strong track record and industry-leading expertise, we believe Ermewa is ideally positioned to support and benefit from the strong sector tailwinds including Europe's expected rail modal share increase and decarbonisation trends impacting freight transport and European economies," Hamish Mackenzie, DWS Group Head of Infrastructure.