Lawrence Park-based GE Transportation to buy software company

November 17th, 2011 by Manmohan Leave a reply »

Lawrence Park-based GE Transportation announced plans to purchase RMI LLC, a railroad-software company with annual sales of about $45 million.

The sale price was not released.

RMI, founded in 1979, has offices in Georgia, Florida and Texas, and employs about 170 people.

But the purchase of the company isn’t likely to have any effect on local employment. There are no plans for any of the company’s employees to relocate to Erie, said GE Transportation spokesman Stephan Koller.

RMI, owned by the Carlyle Group, describes itself as a leading provider for transportation software that is designed to help users improve efficiency and productivity while reducing costs.

The company provides software to railroads, rail shippers, railcar-leasing companies and intermodal service.

The purchase of RMI is not GE Transportation’s first foray into the software business. GE Transportation has developed and markets Trip Optimizer software, which the company says can improve fuel efficiency. “That is like cruise control for trains,” Koller said.

GE Transportation Chief Executive Lorenzo Simonelli said the company is excited about the acquisition, which is expected to close in 2012, pending regulatory approval.

Source:http://www.goerie.com/article/20111117/NEWS02/311179928/Lawrence-Park-based-GE-Transportation-to-buy-software-company

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