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Search Results for: Dresser-Rand

Curtiss-Wright Wraps Up $212M Dresser-Rand Govt Business Acquisition

Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branch’s nuclear ships. Dresser-Rand will mainly focus its sales efforts on the naval defense market and will now operate as part of …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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Barbara Humpton Appointed CEO for Siemens’ Federal Arm; Judy Marks to Join Dresser-Rand

Barbara Humpton,  executive vice president and chief operating officer for Siemens‘ U.S. federal government subsidiary — Siemens Government Technologies — has been appointed president and CEO of the business in a move that takes effect Oct. 1. SGT said Monday Judy Marks, CEO of the subsidiary since its 2011 launch, will transition into an executive vice president role at …

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Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments

Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser,  president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the …

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Executive Mosaic’s Weekly GovCon Round-up: DoD FY 2019 Budget & Wash100 Update

Weekly Roundup April 2 – April 6, 2018 Click here to see Real-Time GovCon Sector Quotes DoD FY 2019 Budget & Wash100 Update Jim Garrettson, Executive Mosaic CEO On March 23rd, President Trump signed a $1.3 trillion spending bill for fiscal year 2019 which allocates $686.1 billion for the Department of Defense’s budget. The …

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KippsDeSanto: Govt Tech Sector Eyes Increased Scale, Expanded IT Capabilities Via M&As

KippsDeSanto & Co. said it believes General Dynamics’ (NYSE: GD) acquisition of CSRA shows the continued focus of government technology sector buyers on efforts to build up scale and expand next-generation information technology capabilities through mergers and acquisitions. General Dynamics’ IT business will realize approximately $10 billion in annual revenue following …

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Former Siemens Federal Lead Judy Marks Named CEO of Conglomerate’s US Arm

Judy Marks, an executive vice president at the Dresser-Rand subsidiary of Siemens,  has been selected to succeed the retiring Eric Spiegel as CEO of the industrial conglomerate’s U.S. subsidiary in a move scheduled to take effect Jan. 1. “Judy has a deep knowledge of Siemens’ entire portfolio that will serve us well during this time of …

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Barbara Humpton is 2016 Wash100 Inductee for Vision in the Renewable Energy Market

Executive Mosaic, Tysons Corner, VA March 11, 2016 – Barbara Humpton, president and CEO of Siemens’ U.S. federal government organization, was elected into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for the development of technology and energy efficient products efforts for the federal clients. The Wash100 is the premier group of …

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Roundup of 2015: A Year Defined by Deals Ends w/ One in Congress & more

Roundup of 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson (This is the last edition of the Roundup for 2015. Thank you for your readership and participation, have a great Christmas & New Year’s and see you again in 2016.) $15 …

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SGT’s Barbara Humpton Seeks to Grow Federal Work for Energy Business

TYSONS CORNER, VA September 8, 2015 — Barbara Humpton, incoming CEO at Siemens Government Technologies, hopes to bring new technology offerings to government clients through Dresser-Rand, which the company acquired in June, ExecutiveBiz reported Thursday. Humpton, who steps into her new role on Oct. 1, told the Washington Business Journal …

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