HOUSTON (20 November 2014)—Dresser-Rand Group Inc., a global supplier of rotating equipment and aftermarket parts and services, announced that, at a special meeting, its stockholders approved the adoption of the merger agreement with Siemens Energy, Inc., pursuant to which Dresser-Rand will be acquired by Siemens.
Dresser-Rand
HOUSTON (Sept. 21, 2014) – Dresser-Rand Group Inc. announced that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt.
HOUSTON (Aug. 19, 2014) – Dresser-Rand was honored by the National Safety Council (NSC) with a 2014 Industry Leader Award for its safety performance.
HOUSTON (April 7 , 2014) – Dresser-Rand was selected as a winner of the 2013 Gulf Coast Oil & Gas Award for its Health, Safety and Environmental programs and initiatives.
“Our employees are our most valued asset and we are committed to their well-being,” said Vincent R. Volpe Jr., Dresser-Rand’s President and CEO. “Safety is a core, critical company value. Our total recordable injury rate for 2013 was 0.38 – a great result and one of which we are extremely proud.”
HOUSTON (June 29, 2012) – Dresser-Rand, a supplier of rotating equipment and aftermarket parts and services, has commenced construction of a new $25 million assembly facility which is expected to start operations in late 2012. At this new facility, Dresser-Rand will assemble mission-critical compressor modules for use in the production of oil and gas in the extensive pre-salt fields off the coast of Brazil.
Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced that it closed the previously announced acquisition of Synchrony, Inc., for approximately $50 million net of cash acquired. The agreement includes the potential for additional consideration of up to a maximum of $10 million tied to technical milestones and to business performance.