M&A Deal Summary |
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|---|---|
| Date | 2022-01-28 |
| Target | Progress Rail - Battery-Electric Locomotives |
| Sector | Transportation |
| Buyer(s) | Union Pacific |
| Sellers(s) | Progress Rail |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1862 |
| Sector | Transportation |
| Employees | 29,755 |
| Revenue | 24.9B USD (2022) |
Union Pacific is a transportation company whose principal operating company, Union Pacific Railroad, is a railroad franchise serving the Western half of the United States. Union Pacific was founded in 1862 and is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Transportation) | 4 of 4 |
| Type (Divestiture) | 2 of 2 |
| State (Alabama) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-28 |
Wabtec - FLXdrive Battery-Electric Locomotive
Wilmerding, Pennsylvania, United States Wabtec's FLXdrive Battery-Electric Locomotive includes 2.5-MWh locomotives are each powered solely by 7,000 battery cells, providing Union Pacific a zero-emission solution for its yard operations. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Machinery |
| Employees | 8,000 |
Progress Rail is a provider of rail and transit products and services throughout North America.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Transportation) | 1 of 1 |
| Type (Divestiture) | 3 of 3 |
| State (Alabama) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-02 |
Progress Rail Equipment Leasing
Albertville, Alabama, United States Progress Rail Equipment Leasing is a lessor of railroad maintenance-of-way (MOW) equipment and services. Progress Rail Equipment Leasing is based in Albertville, Alabama. |
Sell | - |
