Siemens will acquire U.S. oilfield producer Dresser-Rand in a deal worth approximately $7.6 billion. With its portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand supplies the oil and gas, process, power and other industries in the related energy infrastructure markets. The acquisition complements Siemens' existing offerings, notably for the global oil-and-gas industry and for distributed power generation.
Dresser-Rand’s product portfolio completes Siemens' offerings with compressors and turbines. Applications covered include high pressure field injection and oil recovery, gas liquefaction, gas transmission and refinery processes. Dresser-Rand also offers further technologies for distributed power generation such as reciprocating engines as drives for compressors and power generation, micro LNG solutions. This complements Siemens' offerings strengths in turbo compressors, downstream and industrial applications and in larger-sized steam turbines.