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FOR RELEASE: February 12, 2006
Electro-Motive Diesel, Inc. names
Albert Enste
as Vice President of International Sales and Service
Electro-Motive Diesel, Inc. is proud to announce that Mr. Albert
Enste has agreed to join EMD as Vice President of International
Sales and Service. Mr. Enste has had a long and successful career
in the railway supply business, most recently having been responsible
for worldwide locomotive sales as Senior Sales Director of Locomotives
at Bombardier. Mr. Enste holds a masters degree in mechanical engineering
from the Technical University of Munich. He will be based in Zurich,
Switzerland.
John S. Hamilton, President and CEO of Electro-Motive Diesel commented,
"We are delighted that someone of Mr. Enste's experience and
ability has agreed to join EMD. We have full confidence that he
will build upon EMD's long tradition of effectively serving the
international marketplace." Albert Enste stated, "I'm
very excited about the opportunity to work at EMD at this important
moment in its history. I am joining EMD because of its convincing
product portfolio and its strong management, which is committed
to delivering superior products and services to the customers. There
are a number of important opportunities and activities I will address
to further improve EMD's international presence and service."
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 www.EMDiesels.com.
About Greenbriar Equity Group:
Greenbriar Equity Group LLC is focused exclusively on making private
equity investments in the global transportation industry, including
companies in freight and passenger transport, commercial aerospace,
automotive, logistics, and related sectors. Greenbriar and Berkshire
Partners have entered into a strategic joint venture and co-investment
agreement to address certain transportation and related investment
opportunities. Greenbriar manages $700 million of committed limited
partner capital and co-investment commitments and, together with
Berkshire, has access to more than $1 billion for investment in
privately negotiated equity investments within the transportation
industry. Additional information may be found at www.greenbriarequity.com.
About Berkshire Partners:
Berkshire Partners has invested in mid-sized private companies for
the past twenty years through six investment funds with aggregate
capital commitments of approximately $3.5 billion. The firm's investment
strategy is to seek companies that have strong growth prospects
and to partner with talented management teams who are interested
in being owners of the companies they operate. Berkshire has developed
specific industry experience in several areas including consumer
products, industrial manufacturing, transportation, communications,
business services, and retailing and related services. Berkshire
has been an investor in over 80 operating companies with more than
$13.0 billion of acquisition value and combined revenues in excess
of $17.0 billion. Additional information may be found at www.berkshirepartners.com.
FOR FURTHER INFORMATION:
Contact: Scott Garman
+1 (708) 387-5041
scott.garman@EMDiesels.com
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