GE Buys Railroad Software Company – Deal Journal – WSJ

General Electric pulled off a deal today for RMI, a company that provides transportation-management software for railroads and related companies.

GE didn’t disclose the price of the deal, but it’s fair to think the transaction won’t make much of a dent in GE’s stockpile of assets. A news release said RMI has revenue of about $45 million. RMI has been owned by private-equity firm Carlyle Group.

via GE Buys Railroad Software Company – Deal Journal – WSJ.