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Tag Archives: Dresser-Rand

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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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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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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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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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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