Siemens wants to buy U.S. compressor manufacturers Dresser-Rand
Siemens CEO Kaeser prepares for months before a bid for the compressor and turbine manufacturer Dresser-Rand. If the management of the U.S. group fight, Kaeser also attracts a hostile takeover into consideration.
Hamburg - The Siemens Group wants to buy the Houston-based compressor and turbine manufacturer Dresser-Rand. Chief Executive Officer Joe Kaeser ready for many months before an appropriate bid for the U.S. supplier for the oil and gas industry, the manager magazine reports in its new issue (Release date: July 18), citing Siemens circles. Should Dresser-Rand Management defend, Siemens also prefer a hostile takeover bid in consideration. A consultant, the New York investment bank Lazard is, it mandated for some time.
During the bidding battle for the French rival Alstom in May and June Kaeser have put the Dresser-Rand project temporarily on ice, the manager magazin on. Now the attack on the New York-listed companies will no longer have to wait long. Dresser-Rand provides, among other compressors and turbines for the promotion, processing, liquefaction and transportation of gas.
3.4 billion euros plus additional premium would be due
Dresser-Rand would be Siemens' Show Chart largest acquisition since the overpriced purchase of U.S. diagnostics company Dade Behring in 2007. Approximately $ 4.6 billion, the equivalent of 3.4 billion euros, the Texas company currently costs in the stock market. A further consideration an additional premium.
Kaeser, Siemens intends to 'build so far Maues business with the U.S. oil and gas industry with acquisitions in order to benefit from the U.S. boom in the promotion of unconventional oil and gas (fracking). Beginning of May had already announced the acquisition of the business with gas turbines and compressors from the British aircraft turbine manufacturers Rolls-Royce of Siemens boss. These are used primarily in the oil and gas industry. Moreover begins on August 1, with the former Shell manager Lisa Davis to an American as a new energy board, based in Houston.
Kaeser predecessor Peter Löscher have commanded for Dresser-Rand about two years ago, the magazine further. At that time, Dresser-Rand CEO Vincent Volpe refused.
A Siemens spokesman declined to comment on the information.