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GE acquires RMI

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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.

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GE acquires RMI

Written by admin

GE Transportation, maker of rail and transportation-related products plans 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. Terms of the deal were not disclosed. The Transaction is expected to close in early 2012. RMI is a provider of transportation management software solutions for railroads, rail shippers, railcar leasing companies and intermodal services in North America with revenues of approximately $45 million. RMI's software is designed to help its users to improve efficiency and productivity while reducing costs. Lorenzo Simonelli, president and CEO of GE Transportation, said, "We're excited about the prospect of RMI joining GE Transportation. The company is well known for its leading software products and the expertise of its team members. RMI's software offerings complement GE Transportation's rail portfolio. This is incredibly strategic for us and provides a great platform for expanding our software and services capabilities." Pete Kleifgen, chairman and CEO of RMI, said, "We are looking forward to becoming part of GE, a world-class company, and to expanding the reach of RMI's software solutions to railroad and transportation logistics customers around the globe."

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