All Progress Rail articles – Page 3

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    News

    Progress Rail announces Brazilian locomotive plant

    2011-07-27T13:31:00Z

    BRAZIL: Progress Rail Services has leased a previously disused plant at Sete Lagoas in Minas Gerais state where it will assemble Electro-Motive Diesel branded locomotives for the South American market. Progress Rail Services said on July 25 it is planning 'significant investment' in the facility, which will be operated by ...

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    News

    Progress Rail Services buys Balfour Beatty track component business

    2011-04-15T13:09:00Z

    UK: Balfour Beatty Rail announced an agreement to sell its manganese steel casting, track panel, turnout and crossing design and manufacturing business to the Progress Rail Services subsidiary of Caterpillar Inc on April 15. The transaction will be completed in May. The business operates from five sites in the ...

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    News

    Progress Rail buys Coast to Coast Signal Engineering

    2010-12-22T11:00:00Z

    USA: Progress Rail Services announced its purchase of Coast to Coast Signal Engineering Inc on December 20, the Caterpillar subsidiary's third signalling acquisition of 2010. Financial details were not released. Coast to Coast Signal Engineering was established in 1984 and is based in Omaha, Nebraska. It will now operate as ...

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    News

    Progress Rail announces location for US locomotive plant

    2010-11-01T14:12:00Z

    USA: A former ABB factory in Muncie, Indiana, which has been empty since in 1998 was named as the location for Progress Rail Services' new US diesel locomotive plant on October 29. To be up and running by the end of 2011, the factory will be operated by a new ...

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    News

    Progress Rail Services completes EMD acquisition

    2010-08-09T13:02:00Z

    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. 'The acquisition ...

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    News

    EMD sold to Caterpillar

    2010-06-01T14:58:00Z

    USA: Progress Rail Services announced on June 1 that it had signed a definitive agreement to purchase locomotive builder and diesel engine manufacturer Electro-Motive Diesel Inc for $820m in cash. Although retaining its own identity as a standalone company, EMD is to become a wholly-owned subsidiary of Progress Rail, itself ...