GE Transportation (GE) Closes RMI Acquisition

GE Transportation (NYSE: GE), the world’s leading maker of rail and transportation-related products, announced today the completion of its acquisition of software provider RMI from The Carlyle Group. The acquisition significantly expands GE Transportation’s Software and Optimization Solutions business to serve railroad customers worldwide. Terms of the deal were not disclosed.

RMI (www.rmiondemand.com) is a leading provider of transportation management software solutions for railroads, rail shippers, railcar leasing companies, and intermodal services in North America. RMI designs software to help its users improve efficiency and productivity while reducing costs.

“RMI builds on GE Transportation’s Software and Optimization Solutions offerings with an array of products as well as a tremendous amount of industry, technical, and software development and delivery capability,” said Lorenzo Simonelli, GE Transportation President & CEO. “Combined, we are able to offer a portfolio of products to help customers around the globe improve their operations.”

Pete Kleifgen, Chairman and CEO of RMI, said: “We are thrilled to become part of GE, a world class company, and to join the GE Transportation family. We see tremendous opportunity for growth for our company, our people and our products.”

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• GE Aerospace logs ~1,800 engine orders at Farnborough Airshow
• Devon Said To Mull Exit From Eagle Ford, Powder River Basins - Bloomberg
• Berkshire Hathaway completes $6.8B Taylor Morrison acquisition