Erie, PA-based GE Transportation, a maker of rail and transportation-related products, said it has completed its acquisition of software provider RMI from The Carlyle Group.
The purchase will expand GE Transportation’s software and solutions arms for rail customers worldwide. RMI provides transporation management software for railroads, shippers, railcar leasing companies, and intermodal service operators in North America.
“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 chief executive officer. “Combined, we are able to offer a portfolio of products to help customers around the globe improve their operations.”
The companies said that U.S. rail freight volume is expected to nearly double in the next 25 years so they see a large opportunity for software that improves efficiency and safety along rail lines.
RMI will exhibit as a GE Transportation company for the first time at the National Railroad Construction and Maintenance trade show today in San Diego, CA.
GE completes purchase of RMI
