Siemens Acquires Dresser-Rand Group for $7.6 Billion to Increase Oil-Gas Business

SUGAR LAND--September 25, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial giant Siemens AG (NYSE:SI) (Munich, Germany) announced an agreement to buy U.S. oilfield equipment maker Dresser-Rand Group (NYSE:DRC) (Houston, Texas) for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

Within this article: Information on the potential acquisition.