Wednesday, January 04, 2012

GE Transportation completes RMI acquisition

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Erie, Pa.-based GE Transportation said it had completed its acquisition of software provider RMI from The Carlyle Group. GE said late Tuesday the acquisition significantly expands its Software and Optimization Solutions business to serve railroad customers worldwide. Terms of the deal were not disclosed. 

Atlanta-based RMI provides transportation management softwaresolutions 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.” 

GE Transportation noted that as U.S. rail freight volume is expected to nearly double in the next 25 years, software solutions will continue to enable carriers to improve efficiencies and safely move more freight faster on existing rail lines. RMI will add to GE Transportation’s Rail technology portfolio, which includes its Evolution Series Locomotives, railway signaling and office systems, and advanced network and asset optimization options.

RMI begins exhibiting Wednesday as a GE Transportation company for the first time at the National Railroad Construction and Maintenance Annual Meeting in San Diego, running through Jan. 6. RMI become a part of GE Transportation’s existing Software and Optimization Solutions business led by Peter Thomas. It will continue to be based in Atlanta and maintain offices in Jacksonville, Fla., and Austin, Tex.