Dresser edge
| Dresser-Rand Group Inc.
|
|
|---|---|
 |
|
| legal form | Inc. |
| founding | 1987 |
| Seat |
Houston , United States
|
| management | Paolo Ruiz |
| Number of employees | 7,200 (2012) |
| sales | $ 2.3 billion (2011) |
| Branch | Mechanical engineering ( steam and gas turbines , compressors ) |
| Website | www.dresser-rand.com |
Dresser-Rand is a group of mechanical engineering companies belonging to Siemens . The main products are turbo machines such as steam turbines , gas turbines and compressors in the medium and large output range (up to over 100 megawatts ).
The company operates worldwide and has 13 factories in 8 countries with around 7,200 employees. There are also 49 service centers worldwide. Main customers are the oil and gas industry, utilities and industrial companies.
history
The company Dresser Industries was founded in 1880 by Robert Solomon Dresser (1842-1911). In 1927 it had annual sales of $ 3.7 million and employed 400 workers. Dresser's descendants sold the company to investor WA Harriman & Company in 1928 , who converted it into a public company by issuing 300,000 shares. In 1950 the company moved to the center of the American oil industry, to Dallas , Texas.
In 1987, Dresser Industries and its competitor Ingersoll Rand decided to merge their joint activities in the field of turbo machinery. This is how the Dresser-Rand joint venture came about. In the course of the establishment of the joint venture, some product lines were sold to rival Goulds Pumps .
After Dresser Industries was acquired by Halliburton in 1998 , Ingersoll Rand took over all of Dresser's shares in 2000. In 2004 Ingersoll Rand sold the subsidiary Dresser-Rand to the investment company First Reserve Corporation (FRC).
In September 2014, Siemens announced the takeover of Dresser-Rand. The purchase for 7.8 billion US dollars was completed in the summer of 2015.
Web links
Individual evidence
- ↑ a b Dresser Rand Fact Sheet. (No longer available online.) Dresser Rand, 2010, archived from the original on January 6, 2018 ; accessed on January 5, 2018 .
- ^ The Daily Gazette of September 29, 1992: US won't oppose pump firms' merge
- ↑ tagesspiegel.de: Siemens buys Dresser-Rand
- ↑ Siemens: Siemens receives the green light from the EU Commission to take over Dresser-Rand. Retrieved January 17, 2020 .