(Manager Magazin) DRC/Siemens `Integration' Not Going Smoothly

{http://www.manager-magazin.de/unternehmen/industrie/siemens-zukauf-dresser-rand-sperrt-sich-gegen-integration-a-1024471.html}

The preparations for the integration of the US of shares, Dresser-Rand in the Siemens group run rough. The outgoing Dresser-Rand boss Vincent Volpe ever new demands, parts of the Siemens Energy Business at the Texas manufacturer of compressors, small gas and steam turbines incorporate. This was reported by the manager magazine in its latest issue, which is available on Friday (March 20) in commerce.

manager magazin relies on Siemens' corporate circles. According to manager magazin is provided only Siemens' compressor business strike the Americans.
Siemens announced The € 7.6 billion dollar deal last September. However, the legal closing of the transaction (Closing) delayed further and becomes more expensive by at least 200 million dollars, as the manager magazine writes.

Surprisingly, the European Commission launched a few weeks ago an in-depth examination relating to antitrust concerns and ensure more recently extended the deadline on July 14. On 1 March, a late fee is charged to 43 million dollars a month.
The acquisition, with the Kaeser the oil and gas industry wants to conquer in the US, is criticized by many analysts as overpriced.

In the wake of the oil price decline Dresser-Rand 2014 failed with an annual operating profit of $ 288 million its own forecast by nearly $ 100 million. A Siemens spokesman declined to comment.