Caterpillar Unit Snaps Up Electro-Motive For $820M
Under the terms of the deal, announced Tuesday, EMD will become a wholly owned subsidiary of Caterpillar's Progress Rail Services division, according to Caterpillar.
Caterpillar vice chairman and CEO-elect Doug Oberhelman said the acquisition marked the latest step in the Peoria, Ill.-based company's efforts to aggressively grow its presence...
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