GE Transportation completed 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 provides 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 and 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.”
RMI will exhibit as a GE Transportation Company for the first time at the National Railroad Construction and Maintenance trade show on January 4-6, 2012, in San Diego, Calif. The company will 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, Texas.