GE Buys Rail Software Maker RMI

GE Buys Rail Software Maker RMI
November 20, 2011 11:45 am

GE Transportation is planning to acquire rail software provider RMI from alternative asset manager Carlyle Group for an undisclosed sum.

The transaction is expected to close in early 2012 and will expand GE Transportation’s Software and Optimization Solutions business.
The acquisition will enable GE to provide the optimisation of assets, networks and energy use, resulting in lower operational costs, a rise in productivity, capacity expansion, and less fuel use and fewer emissions for its customers, the company said.

RMI chairman and CEO Pete Kleifgen said that the company wants to expand the reach of its software solutions to railroad and transportation logistics customers around the globe. RMI has revenue of $45m and provides transportation management software solutions for railroads, rail shippers, railcar leasing companies and intermodal services in North America. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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