VIDEO: Siemens to buy Dresser-Rand for $7.6 billion

[bc_video account_id=”1214147015″ player_id=”HypJxq3ml” video_id=”3806963977001″ min_width=”480px”]

[bc_video account_id=”1214147015″ player_id=”HypJxq3ml” video_id=”3806963977001″ min_width=”480px”]

Dresser-Rand Group Inc. signed a definitive merger agreement in which Siemens would acquire all outstanding shares of Dresser-Rand common stock for $7.6 billion.

Siemens plans to operate Dresser-Rand as its oil and gas business and retain the Dresser-Rand brand name and its executive leadership team. Dresser-Rand is a global supplier of rotating equipment and aftermarket parts and services.

The deal is expected to close in summer 2015 and is subject to Dresser-Rand shareholder approval, regulatory approval in the U.S., Europe and other jurisdictions and other customary closing conditions.

Previous articleLandis+Gyr reports public power utilities adopting smart grid networks
Next articleD.C. Cook 1 nuclear plant starts refueling as New England spot prices surge

No posts to display