Energy Industry
Industry: Email Alert RSS FeedFirst Reserve Corp
Pipeline & Gas Journal, Oct, 2004
The Greenwich, CT-based First Reserve Corp. has agreed to acquire the Dresser Rand Company, a business unit of Ingersoll Rand Company Ltd., for approximately $1.2 billion. The acquisition is First Reserve's third from a major multinational corporation this year and its second billion-dollar transaction in the past six months.
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Dresser-Rand is a leading supplier of infrastructure equipment, including compressors, gas and stream turbines, as well as related after-market parts and services, to the energy industry.
COPYRIGHT 2004 Oildom Publishing Company of Texas, Inc.
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