Progress Rail Completes Acquisition of EMD

8 August 2010 (Last Updated August 8th, 2010 18:30)

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.