(RTTNews) – Trinity Industries, Inc. (TRN) on Thursday announced the acquisition of RSI Logistics for $70 million.
RSI Logistics is a data-centric provider of proprietary software, logistics services and terminal management solutions to the North American rail industry.
“We are excited about the acquisition of RSI Logistics. This is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation. In particular, RSI Trinity Expands the breadth and quality of the platform, connecting logistics services, terminal operations and intermodal transportation,” said Trinity President and CEO Gene Savage. “As well as RSI’s expertise and reputation with Trinsight’s transformative technology adding rail shippers will provide a unique tool to gain greater control over their supply chains.”
The acquisition closes on March 8, 2023 and is not expected to be material to Trinity’s results. As part of the transaction, Trinity will retain all of RSI’s employees.
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.