Caterpillar closes its acquisition of locomotive maker EMD

08/2/2010 | Google

Caterpillar finalized its acquisition of Electro-Motive Diesel. EMD will be a subsidiary of Caterpillar's Progress Rail Services. Caterpillar bought the locomotive maker from Berkshire Partners and Greenbriar Equity Group for $820 million, plus an after-closing adjustment of $108 million.

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