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European Commission approves Siemens $7.8bn acquisition of Dresser-Rand
2015-07-01 01:00:00| Hydrocarbons Technology
European Commission has approved the acquisition of US based rotating equipment manufacturer for oil and gas industry, Dresser-Rand by German conglomerate Siemens for $7.8bn.
Tags: european
commission
siemens
acquisition
European regulators clear Siemens' buyout of Dresser-Rand
2015-06-29 15:01:52| Industrial Machines - Topix.net
" European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. The German electronics and engineering company is beefing up its global oil and gas and power generation businesses, seeing growth opportunities in Dresser-Rand's portfolio of compressors, steam and gas turbines and engines.
Tags: clear
european
siemens
regulators
Exclusive: Siemens to win unconditional EU approval for Dresser-Rand deal - sources
2015-05-09 18:17:33| Telecom - Topix.net
A red traffic light is seen in front of an office building of Siemens AG in Munich Perlach May 30, 2014. ) is set to secure unconditional EU approval for its $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand ( The acquisition, Siemens' largest ever, will boost the trains-to-turbines group's presence in the United States and the shale exploration boom there, and also take it a step closer to rival General Electric ( The European Commission warned in February, when it opened a full-scale investigation, that the deal might reduce competition and drive up prices.
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deal
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exclusive
Exclusive: Siemens to win unconditional EU approval for Dresser-Rand deal - sources
2015-05-09 11:34:20| Industrial Machines - Topix.net
A red traffic light is seen in front of an office building of Siemens AG in Munich Perlach May 30, 2014. ) is set to secure unconditional EU approval for its $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand ( The acquisition, Siemens' largest ever, will boost the trains-to-turbines group's presence in the United States and the shale exploration boom there, and also take it a step closer to rival General Electric ( The European Commission warned in February, when it opened a full-scale investigation, that the deal might reduce competition and drive up prices.
Tags: win
deal
sources
exclusive
Dresser-Rand plans major job cuts
2015-02-27 23:59:01| Industrial Machines - Topix.net
Houston-based Dresser-Rand Group Inc. will cut 8 percent of its global workforce, or almost 650 jobs, as the energy sector continues to struggle. Dresser-Rand, which is being acquired by German industrial giant Siemens AG for $7.6 billion, will begin its workforce reduction plan within the next several weeks.