All Progress Rail articles – Page 4

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...