GE today announced its intention to acquire two underground mining equipment companies, launching the Company into the $61 billion global mining equipment market.
GE will acquire 100 percent of Australia’s Industrea Limited, a publicly traded company, pending approval by shareholders and government regulators. The transaction is valued at approximately A$700 million. GE will also acquire Fairchild International, an independently owned and operated maker of underground mining equipment based in Glen Lyn, Virginia. Terms of the Fairchild transaction have not been disclosed.
RMI, a GE Transportation company and leading provider of transportation management software and analytics to the railroad industry, has been selected as a 2012 Top 100 Logistics Technology Company by Inbound Logistics magazine for the seventh consecutive year.
GE Transportation announced a new European Train Control System (ETCS) and Computer Based Interlocking system offering at the UIC ERTMS World Conference in Stockholm, Sweden. These systems are part of a new portfolio of rail signaling solutions called Tempo.
