What INVEHO does

INVEHO is a French-headquartered industrial services company specializing in the maintenance, construction, transformation, and repair of railway freight wagons, operating as the workshops business unit of Streem Group (formerly Ermewa Group). Founded in 1907 and headquartered in Levallois-Perret, INVEHO runs a network of nine strategically located workshops across France and Germany employing approximately 900 staff, with combined annual revenue of roughly €118 million derived from facility-level disclosures. Its service portfolio spans the full wagon lifecycle: custom construction (2–4 new wagons daily from the flagship INVEHO UFO site), VPI/SNCF-certified revision and repair (over 8,500 wagons treated annually), wagon transformation and modernization (around 500 units annually), axle maintenance and new axle construction across four dedicated facilities (25,000 axles per year), 24/7 mobile maintenance, specialized tank wagon degassing and washing for dangerous goods, air reservoir manufacturing, digital printing, and logistics loading/unloading services.

INVEHO's technology base is built on capital-intensive industrial infrastructure — CNC-controlled axle lathes, hydraulic presses, individual hydraulic test benches for air reservoirs, 3D modeling in its engineering bureau, and electronic barcode-based axle lifecycle management — rather than on software or AI capabilities. Revenue is generated entirely through quote-based B2B industrial contracts with railway freight operators; pricing is not publicly disclosed and each project is scoped to wagon type, certification requirements, and customer specifications. Distribution is direct-to-enterprise through workshop-based delivery and mobile maintenance teams; there are no third-party channel partners.

The company serves a narrow customer set dominated by its parent Streem and "all major rail freight operators" in Europe. Its competitive position rests on a dense stack of mandatory regulatory certifications (VPI, SNCF, ECM per EU 2019/779, ADR/RID, EN 15085-2 CL1, DIN 27201-7 NDT, EN ISO 3834-2), the capital intensity required to replicate its nine-workshop network, and over a century of accumulated railway engineering know-how. INVEHO claims to be the first private European network for wagon maintenance and construction, a positioning reinforced by Streem's April 2023 rebranding that groups INVEHO alongside ERMEWA wagon leasing and tank container operations under a single corporate identity.

Name

INVEHO

Legal name

INVEHO

Website

https://fr.inveho.eu

Company type

Private

Founded year

1907

Operating status

Operating

Headcount range

501–1,000 employees

Short description

INVEHO is a French-based industrial services company and the workshops division of Streem Group, operating nine facilities across France and Germany that construct, maintain, transform, and repair railway freight wagons and axles for European rail freight operators.

Ownership category

akta.pro rank

Product category

Rail Freight Wagon Maintenance and Construction

NAICS

Rail Transportation (48211)

SIC

Railroad Equipment (3743)

akta.pro primary industry

Freight Wagon (Railcar) Maintenance & Repair (TLAKAIAB)

Keywords

• Rail freight maintenance
• Wagon construction services
• Railway axle services
• Freight wagon repair
• Rail workshop services

Headquarters

HQ city

Levallois-perret

HQ country

France

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Wagon Construction: Custom construction of new railway freight wagons. 2-4 new wagons produced daily. Types include hoppers, tankers, flat wagons, covered wagons, intermodal, and dumpers.
2. Wagon Maintenance and Repair: Revision (VPI/SNCF), repair, and troubleshooting services for wagons. Over 8,500 wagons treated annually across all sites.
3. Wagon Transformation: Transformation, modernization, and adaptation services. Approximately 500 wagons transformed annually with engineering support.
4. Axle Maintenance and Construction: Maintenance, repair, and new construction of railway axles. First private European network of 4 dedicated axle facilities handling 25,000 axles annually.
5. Degassing and Washing: Specialized tank wagon cleaning services for gas, hydrocarbon, and chemical products. Includes nitrogen conditioning with dew point procedures.
6. Air Reservoir Production: Custom and standard air reservoir manufacturing. 2,500 units produced annually with individual hydraulic testing.
7. Logistics Services: Loading and unloading services, including 50,000 tonnes unloaded monthly in Ile-de-France region.
8. Digital Printing: Digital printing of adhesive signs up to 150cm height, cutting plotters for stickers up to 120cm, and lamination films up to 150cm.
9. Mobile Maintenance: 24/7 mobile maintenance services across Europe, providing preventive and curative maintenance at customer sites.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

INVEHO operates the first European private network for railway freight wagon maintenance and construction, running 9 strategically located workshops across France and Germany. The company custom-builds new freight wagons (2-4 daily), maintains and revises over 8,500 wagons annually, operates 4 dedicated axle facilities processing 25,000 axles per year, and provides 24/7 mobile maintenance, wagon transformation, dangerous goods tank cleaning, air reservoir manufacturing, and logistics services to rail freight operators across Europe.

Product overview

INVEHO is the leading European network for freight wagon maintenance and construction, offering a comprehensive portfolio of 6 wagon types (tanker wagons, hopper wagons, flat wagons, covered flat wagons, intermodal wagons, and dump wagons) along with 11 specialized services. The core offering includes custom wagon construction (2-4 daily) and maintenance across 10 workshops in France and Germany, complemented by axle services (maintenance up to IS3 level and new construction), mobile maintenance, revision/repair, degassing/washing, logistics, air reservoir manufacturing, digital printing, and engineering/design services. The company operates as part of the Streem Group, with INVEHO specializing in workshop services while the Group handles wagon leasing through ERMEWA.

Differentiator

Problem solved

Functional benefit

Brands

• INVEHO: Wagon maintenance and construction workshops operating across France and Germany as part of Streem Group.
• Streem

Products and services

• Tanker Wagons (Wagons Citernes)

Quantifiable outcome

• 2-4 new wagons produced daily
• +5 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Streem (formerly Ermewa Group)coreStrategic or Co-development Partner · 1 April 2023Streem is the parent company of INVEHO. Formerly known as Ermewa Group until April 2023 rebranding. Streem operates through 3 business units: Wagon rental (ERMEWA brand), Workshops (INVEHO), and Tank containers (EUROTAINER, RAFFLES LEASE, DEMI). Streem employs 1,200 people across 20+ countries.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• VTG AG: European rail freight wagon leasing and services company headquartered in Hamburg. Comparable to INVEHO via overlapping European rail freight customer base and shared industry positioning (Vossloh historically, now private equity-owned), though VTG is leasing-led rather than MRO-led.
• Tatravagónka: Slovak freight wagon manufacturer and MRO provider serving the European market. Comparable to INVEHO as a Central European freight wagon manufacturer with similar end products (tankers, hoppers, flat wagons) and overlap in wagon construction and revision services.
• AAE (Ahaus Alstätter Eisenbahn): Swiss-headquartered European rail freight wagon leasing and management company with attached workshop services. Comparable to INVEHO in serving European rail freight operators with fleet management and wagon servicing, though leasing is the primary business model.
• Astra Rail Industries: Romanian freight wagon manufacturer producing tank wagons, hopper wagons, and flat wagons, with MRO capabilities. Directly comparable to INVEHO in wagon construction, refurbishment, and component manufacturing serving European rail freight customers.
• ERR (European Rail Rent): European rail wagon leasing company managing a large continental fleet, with close commercial ties to operators using INVEHO-style MRO services. Comparable as a European rail freight asset owner that consumes wagon maintenance and revision services, and a potential large customer to INVEHO.

Broad incumbents

• Vossloh AG: German rail infrastructure and services company with activities in rail fastening systems, switch systems, and rail services (including rail-mounted MRO equipment). Comparable to INVEHO via overlap in rail-specific industrial services and a German operational base, though focused on track infrastructure.
• Greenbrier Companies: US-headquartered global manufacturer of railroad freight wagons and provider of aftermarket services including wheel, axle, and component reconditioning. Comparable to INVEHO as a freight wagon OEM and MRO provider, though operating at significantly larger scale and with a North American footprint.
• Trinity Industries: US-based manufacturer of railcars and rail components, plus inland barge and structural steel products. Comparable to INVEHO as a freight wagon OEM with MRO/leasing adjacencies (through Arcosa and rail services segments), though primarily North American.

Regional players

• Mitsui Rail Capital Europe (MRCE): European rolling stock leasing company (primarily locomotives), part of the Mitsui Group. Comparable to INVEHO as a European rail freight ecosystem participant, though focused on motive power rather than wagon services.

Others

• Plasser & Theurer: Austrian manufacturer of track maintenance machinery and equipment. Comparable to INVEHO as a European rail-industry specialist with deep engineering heritage and similar customer base, though focused on track/infrastructure maintenance equipment rather than wagon MRO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/inveho

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about INVEHO