Progress Rail on Tuesday closed on its acquisition of ECM S.p.A., an international provider of rail signal solutions and technologies. Based in Italy, ECM will join Progress Rail's existing signal division. ECM's investment in research and development in recent years makes it an "attractive complement" to Progress Rail's current signal portfolio, Progress Rail officials said in a press release. ECM's products include power supplies, LED signal lights, axle counters and work site protection. Financial terms of the acquisition were not disclosed.
IMC Cos. has acquired the drayage and depot operations of H&M Terminal Transport, which now will operate under the name H&M Intermodal Services. The acquired firm operates at six locations and employs 140 drivers. The acquisition is aimed at boosting IMC's presence in the northeastern United States, company officials said in a press release. Financial terms for the acquisition were not disclosed. IMC now claims more than 2,100 U.S. employees.
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