|
contents | business | |||||||||
| Progress Rail Services acquires Electro-Motive Diesel Progress Rail Services, one of the largest providers of rail and transit products and services in North America, announced it has finalized the purchase of Electro-Motive Diesel (EMD) for $820 million in cash, plus a net working capital adjustment subject to post-closing finalization, which is currently estimated at approximately $108 million, from Berkshire Partners LLC and Greenbriar Equity Group LLC. Effective with the closing of the acquisition, EMD is now a whollyowned subsidiary of Progress Rail. Progress Rail is a wholly-owned subsidiary of Caterpillar Inc. write your comments about the article :: © 2010 Construction News :: home page |