Divestiture • Manufacturing

Progress Rail Acquires Downer EDI - Freight Rail Business

On November 21, 2017, Progress Rail acquired manufacturer Downer EDI - Freight Rail Business from Downer

Acquisition Context
  • This is Progress Rail’s 2nd transaction in the Manufacturing sector.
  • This is Progress Rail’s 1st transaction in Australia.

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M&A Deal Summary

Date November 21, 2017
Target Downer EDI - Freight Rail Business
Sector Manufacturing
Buyer(s) Progress Rail
Sellers(s) Downer
Deal Type Divestiture

Target Company

Downer EDI - Freight Rail Business

North Ryde, Australia
Downer EDI - Freight Rail Business is a provider of rolling stock and aftermarket parts.
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Buyer Overview 1

Buyer

Progress Rail

Albertville, Alabama, United States

Category Company
Founded 1982
Sector Machinery
Employees8,000
DESCRIPTION

Progress Rail is a provider of rail and transit products and services throughout North America.


Deal Context for Buyer #
Overall 5 of 6
Sector: Manufacturing 2 of 3
Type: Divestiture 2 of 2
Country: Australia 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-10 Mansbach Metal Co.

Ashland, Kentucky, United States

Mansbach Metal Co. operates as a scrap metal processing company. The Company provides waste management and processing of scrap metal.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 ECM

Pistoia, Italy

ECM SPA is a manufacturer and provider of signaling products. ECM SPA was established in 1958 and is based in Pistoia, Italy.

Buy -

Seller Profile 1

SELLER

Downer

Sydney, Australia

Category Company
Founded 1989
Sector Infrastructure
Employees26,000
Revenue 10.5B AUD (2025)
DESCRIPTION

Downer is a provider of comprehensive engineering and infrastructure management services. Downer was founded in 1989 and is based in Sydney, Australia.


Deal Context for Seller #
Overall 2 of 2
Sector: Manufacturing 1 of 1
Type: Divestiture 2 of 2
Country: Australia 2 of 2
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Spotless

Melbourne, Australia

Spotless is a provider of outsourced facilities management and services, providing expert delivery of over 120 different support programs. Spotless has a significant presence in Australia and New Zealand, with subsidiary operations in 30 different countries. Spotless is based in Melbourne, Australia.

Buy -

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