Source: Siemens Offering $6.1 bln for Dresser Rand

Maritime Activity Reports, Inc.

September 19, 2014

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Siemens declined to comment on the report.

Such an offer would put Siemens in competition with Swiss pump maker Sulzer, which said on Wednesday it was in talks on a potential merger with Dresser-Rand.

 

Reporting by Georgina Prodhan

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News