FRANCE: Wagon and tank container management business Ermewa Group has rebranded as Streem, and announced an aim to double its revenues by 2030.
‘The evolution of the Ermewa Group brand is a key strategic shift’, said CEO David Zindo on April 11. ‘This new name reflects the fluidity, the dynamism and the unity of our group, with all of us driven by a common vision.’
The group was founded in 1956, and now has 1 300 employees in more than 40 locations in 21 countries worldwide.
It operates through five brands: leasing company Ermewa, which owns more than 45 000 wagons across Europe; Inveho which undertakes wagon manufacturing maintenance in France and Germany; Eurotainer and Raffles Lease which together own more than 80 000 ISO tank containers worldwide, and the DEMI tank container maintenance and storage businesses.
The group was acquired from SNCF in 2021 by a consortium of Canadian pension investor Caisse de Dépôt et Placement du Québec and investment group DWS.
