GE Transportation announced today its intent to acquire transportation software provider RMI from global alternative asset manager The Carlyle Group. Pending regulatory approval anticipated early next year, this acquisition expands GE Transportation’s Software and Optimization Solutions business to serve railroad customers worldwide.
The acquisition puts GE Transportation in a strong position to help its customers optimize assets, networks and energy use, thereby enabling them to reduce operational expenses, increase productivity, expand capacity and reduce fuel use and emissions.
With revenues of approximately $45 million, RMI is a leading provider of transportation management software solutions for railroads, rail shippers, railcar leasing companies, and intermodal services in North America.
The transaction is expected to close in early 2012.
Read the press release here.