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August 8, 2010

Progress Rail Completes Acquisition of EMD

Progress Rail Services has completed the acquisition of Electro-Motive Diesel (EMD) from Berkshire Partners and Greenbriar Equity Group. Progress Rail acquired the company for $820m with a post-closing finalisation estimated at $108m. Progress Rail expects that the acquisiti

By cms admin

Progress Rail Services has completed the acquisition of Electro-Motive Diesel (EMD) from Berkshire Partners and Greenbriar Equity Group.

Progress Rail acquired the company for $820m with a post-closing finalisation estimated at $108m.

Progress Rail expects that the acquisition to strengthen its portfolio of products and services.

EMD will operate as a wholly-owned subsidiary of Progress Rail and will remain headquartered in Illinois, US.

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