Monday October 9, 3:15 pm ET
LAGRANGE, Ill., Oct. 9 /PRNewswire/ -- Electro-Motive Diesel, Inc. (EMD) announced today that it had concluded a memorandum of understanding to acquire Turner Diesel Ltd's rail services business focusing on EMD locomotives. EMD is the world's most successful provider of diesel-electric locomotives and related services. EMD also provides engines for power, marine, and industrial customers. Scotland-based Turner Diesel is a premier supplier of EMD aftermarket parts and rail services throughout Europe and the Near East and a distributor of and service provider for EMD engines in the power, marine and industrial products segments.
Albert Enste, EMD's Vice President of International Sales and Service announced, "I am truly excited to be able to bring Turner's EMD rail-related business activities within EMD. Turner has built a strong and professional organization dedicated to aftermarket customer support of EMD rail products. As we are also committed on a long-term basis to providing excellent services to our customers, unifying our two organizations will bring rapid improvements in customer service levels and permit expansion of service activities across Europe and beyond."
Effective October 30, 2006, the current Turner Diesel locations in Aberdeen, Scotland and Stoke-on-Trent, England will be transferred to a new subsidiary of EMD, Electro-Motive Services International Ltd., which will manage the acquired business from Aberdeen. Mr. Duncan Scott, long-time Turner Diesel employee and current Director of Sales at Turner Diesel Ltd will transfer to Electro-Motive Services International, Ltd. and will serve as its Managing Director.
Gordon Turner, Chairman of the Turner Group of Companies said, "I am pleased to have concluded this memorandum with EMD. I am sure that their efforts, combined with the talents and dedication of the Turner team members who will join them, will be met with great success. I would like to assure every one of our non-rail customers that it is very much a case of business as usual for Turner Diesel. From our Aberdeen and Glasgow locations Turner Diesel will continue to provide the high levels of quality, reliability, and delivery of the services which our customers have come to expect over the last 30 years."
About Electro-Motive Diesel, Inc.:
Founded in 1922, Electro-Motive Diesel, Inc. is one of two U.S. original equipment manufacturers of diesel-electric locomotives. Headquartered in LaGrange, Illinois, with additional facilities in London, Ontario, EMD designs, manufactures and sells diesel-electric locomotives for all commercial railroad applications and has sold its products in more than 70 countries worldwide. The Company is the only diesel-electric locomotive manufacturer to have produced more than 70,000 engines and has the largest installed base of diesel-electric locomotives in both North America and internationally. In addition to its locomotive manufacturing activities, EMD has an extensive aftermarket business offering customers replacement parts and a range of value-added services for its locomotives. The Company is also a global provider of diesel engines for marine propulsion, offshore and land-based oil well drilling rigs, and stationary power generation. In April 2005, Greenbriar Equity Group LLC, Berkshire Partners LLC, and certain related parties acquired EMD from General Motors Corporation. Additional information may be found at http://www.EMDiesels.com .
About Turner
Turner Diesel Ltd are a wholly owned subsidiary of Turner & Co (Glasgow) Ltd, initially founded in 1912 as a supplier to the emerging automotive industry. The Turner Group has evolved through steady organic growth as well as acquisition and although a diversified group, several of the operating companies specialise in Diesel Engine Products and Diesel Driven Equipment. The Turner Group forms the largest Diesel Engineering organisation in the United Kingdom and the sphere of activity places the Company firmly in the International league. Turner Diesel Ltd plays a key part in the Turner Group's Domestic and International presence. With a workforce of over 2,500 personnel, the Turner Group's expertise covers a wide range of diesel engine types and diesel driven equipment. The activities extend from the United Kingdom throughout Europe, Africa and the Middle East with interests in the, Marine, Industrial and Power Generation industries. Additional information may be found at http://www.turner.co.uk .
LAGRANGE, Ill., Oct. 9 /PRNewswire/ -- Electro-Motive Diesel, Inc. (EMD) announced today that it had concluded a memorandum of understanding to acquire Turner Diesel Ltd's rail services business focusing on EMD locomotives. EMD is the world's most successful provider of diesel-electric locomotives and related services. EMD also provides engines for power, marine, and industrial customers. Scotland-based Turner Diesel is a premier supplier of EMD aftermarket parts and rail services throughout Europe and the Near East and a distributor of and service provider for EMD engines in the power, marine and industrial products segments.
Albert Enste, EMD's Vice President of International Sales and Service announced, "I am truly excited to be able to bring Turner's EMD rail-related business activities within EMD. Turner has built a strong and professional organization dedicated to aftermarket customer support of EMD rail products. As we are also committed on a long-term basis to providing excellent services to our customers, unifying our two organizations will bring rapid improvements in customer service levels and permit expansion of service activities across Europe and beyond."
Effective October 30, 2006, the current Turner Diesel locations in Aberdeen, Scotland and Stoke-on-Trent, England will be transferred to a new subsidiary of EMD, Electro-Motive Services International Ltd., which will manage the acquired business from Aberdeen. Mr. Duncan Scott, long-time Turner Diesel employee and current Director of Sales at Turner Diesel Ltd will transfer to Electro-Motive Services International, Ltd. and will serve as its Managing Director.
Gordon Turner, Chairman of the Turner Group of Companies said, "I am pleased to have concluded this memorandum with EMD. I am sure that their efforts, combined with the talents and dedication of the Turner team members who will join them, will be met with great success. I would like to assure every one of our non-rail customers that it is very much a case of business as usual for Turner Diesel. From our Aberdeen and Glasgow locations Turner Diesel will continue to provide the high levels of quality, reliability, and delivery of the services which our customers have come to expect over the last 30 years."
About Electro-Motive Diesel, Inc.:
Founded in 1922, Electro-Motive Diesel, Inc. is one of two U.S. original equipment manufacturers of diesel-electric locomotives. Headquartered in LaGrange, Illinois, with additional facilities in London, Ontario, EMD designs, manufactures and sells diesel-electric locomotives for all commercial railroad applications and has sold its products in more than 70 countries worldwide. The Company is the only diesel-electric locomotive manufacturer to have produced more than 70,000 engines and has the largest installed base of diesel-electric locomotives in both North America and internationally. In addition to its locomotive manufacturing activities, EMD has an extensive aftermarket business offering customers replacement parts and a range of value-added services for its locomotives. The Company is also a global provider of diesel engines for marine propulsion, offshore and land-based oil well drilling rigs, and stationary power generation. In April 2005, Greenbriar Equity Group LLC, Berkshire Partners LLC, and certain related parties acquired EMD from General Motors Corporation. Additional information may be found at http://www.EMDiesels.com .
About Turner
Turner Diesel Ltd are a wholly owned subsidiary of Turner & Co (Glasgow) Ltd, initially founded in 1912 as a supplier to the emerging automotive industry. The Turner Group has evolved through steady organic growth as well as acquisition and although a diversified group, several of the operating companies specialise in Diesel Engine Products and Diesel Driven Equipment. The Turner Group forms the largest Diesel Engineering organisation in the United Kingdom and the sphere of activity places the Company firmly in the International league. Turner Diesel Ltd plays a key part in the Turner Group's Domestic and International presence. With a workforce of over 2,500 personnel, the Turner Group's expertise covers a wide range of diesel engine types and diesel driven equipment. The activities extend from the United Kingdom throughout Europe, Africa and the Middle East with interests in the, Marine, Industrial and Power Generation industries. Additional information may be found at http://www.turner.co.uk .
