Progress Rail Services completes EMD acquisition

tn_emd-710-engine-EMD_01.jpg

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.

Please sign in or register for free to view this page

 

Sub Advert

You have reached your limit of news stories for this week. Register for FREE to read this article and get:

  • Unlimited access to online news coverage from:
  • Railway Gazette International covering the global railway industry
  • Metro Report International covering the urban transport sector
  • Rail Business UK industry news for the British railway market
  • Weekly e-mail newsletters covering the sector(s) of your choice
  • Exclusive offers for Railway Gazette Events.

If you are already a registered user or a subscriber you can SIGN IN now