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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
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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