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Progress Rail Services completes EMD acquisition
By Railway Gazette International2010-08-09T13:02:00
EMD: Progress Rail Services announced on August 3 that it had completed the acquisition of Electro-Motive Diesel from Berkshire Partners and Greenbriar Equity Group. The Caterpillar subsidiary paid $820m in cash plus a net working capital adjustment estimated at $108m. EMD is now a subsidiary of Progress Rail.
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