Opérations et transactions|2 août 2010
Electro-Motive Diesel completes sale to Progress Rail Services
Torys acted as counsel to Viterra with a team that included Thomas Yeo, Tom Zverina, Adam Armstrong, Victoria Blond, Grace Pereira and Nina Mansoori.
On August 2, 2010, Progress Rail Services announced the completion of its purchase of Electro-Motive Diesel (EMD) for US$820 million in cash, plus a networking capital adjustment subject to post-closing finalization, which is currently estimated at approximately US$108 million, from Berkshire Partners LLC and Greenbriar Equity Group LLC. Effective with the closing of the acquisition, EMD is now a whollyowned subsidiary of Progress Rail. Progress Rail is a wholly-owned subsidiary of Caterpillar Inc. (NYSE: CAT).
Electro-Motive Diesel, headquartered in La Grange, IL, was founded in 1922 and is one of two U.S. original equipment manufacturers of diesel-electric locomotives.
Progress Rail Services, headquartered in Albertville, Ala., is a wholly-owned subsidiary of Caterpillar Inc. The company is a leading supplier of remanufactured locomotive and railcar products and services to the railroad industry.
Further information is found on Caterpillar's website.
Electro-Motive Diesel, headquartered in La Grange, IL, was founded in 1922 and is one of two U.S. original equipment manufacturers of diesel-electric locomotives.
Progress Rail Services, headquartered in Albertville, Ala., is a wholly-owned subsidiary of Caterpillar Inc. The company is a leading supplier of remanufactured locomotive and railcar products and services to the railroad industry.
Further information is found on Caterpillar's website.