M&A Deal Summary

Siemens Acquires Dresser-Rand

On June 29, 2015, Siemens acquired energy services and equipment company Dresser-Rand for 7.8B USD

Acquisition Highlights
  • This is Siemens’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Siemens’ 2nd largest (disclosed) transaction.
  • This is Siemens’ 14th transaction in the United States.
  • This is Siemens’ 4th transaction in Texas.

M&A Deal Summary
Date 2015-06-29
Target Dresser-Rand
Sector Energy Services and Equipment
Buyer(s) Siemens
Deal Type Add-on Acquisition
Deal Value 7.8B USD
Advisor(s) Morgan Stanley
Zaoui & Co. (Financial)
Wachtell, Lipton, Rosen & Katz
Gibson, Dunn & Crutcher (Legal)

Target

Dresser-Rand

Houston, Texas, United States
Dresser-Rand office in Houston, Texas.
Dresser-Rand office in Houston, Texas.
Dresser-Rand is a supplier of infrastructure equipment, including compressors, turbines and engines, as well as related after-market parts and services, to the global energy industry. Dresser-Rand is based in Houston, Texas.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 28 of 51
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 22 of 44
State (Texas) 4 of 5
Country (United States) 14 of 25
Year (2015) 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 eHouse Manufacturing Operations - Siemens AG

Houston, Texas, United States

Siemens' eHouse operational plant manufactures and assembles power equipment centers (PECs) – or eHouses – for low- and medium-voltage switchgear, motor control center equipment, SCADA and other auxiliary equipment for a variety of industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Zenco Systems

Rugby, United Kingdom

Zenco Systems Ltd. is a provider of digital traffic and parking enforcement systems.

Buy -
Mergr

Product

Company

Legal