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Last updateFri, 03 Jul 2015 10am

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Siemens Gets Final Approval to Acquire Dresser-Rand

The EU Commission has unconditionally approved Siemens' acquisition of Dresser-Rand. All regulatory approvals required to complete the transaction have thus now been obtained. The overall consideration for acquiring all outstanding Dresser-Rand shares including the assumption of outstanding financial debt of $1.2 billion is about $7.8 billion.

Dresser-Rand's current CEO, Vincent Volpe will lead the new business unit through the initial integration phase. Starting September 1, 2015, Christopher Rossi, 28-year veteran of Dresser-Rand, will take over the CEO position at the new business. Siemens manager Heribert Stumpf will serve as the unit's CFO. Siemens is anticipating annual synergies of about €200 million from the integration of Dresser-Rand by 2019.

Climax Calder Testing Systems Joins VMA

Climax Calder logoThis week Climax Calder Testing Systems became an official associate supplier member of VMA, our seventh new member of 2015.

Climax Calder Testing Systems provides hydrostatic and pneumatic test systems to industries such as oil, gas & petrochemical, power generation, and automotive and diesel engine industries. Visit them at www.climaxportable.com

Rotork Opens New Service Center in Scotland

Rotork has announced the opening of a new Service Center in Glasgow to provide more economical support for its flow control products in Scotland.

During nearly 60 years of serving Scottish industries, Rotork products have been installed in market sectors including conventional and nuclear power generation, oil & gas, water treatment, food and beverages. The Scottish Service Center will strengthen both the scope and level of support available for products in the field. 

Wey Valve Expanding Lee County, MS Facility

Wey Valve, Inc. is expanding and relocating operations to the Tupelo Lee Industrial Park South in Shannon, MS.

The company says the move includes the construction of a 40,000 square-foot manufacturing facility and new office space. Its existing 23,000 square-foot facility in Nettleton, MS was built in 1998 and expanded in 2012.

Wey Valve officials say the expansion will support any future growth opportunities for the company.

Bernard Controls Supplies Oil Storage Depot in Cameroon

At the end of 2014, Bernard Controls delivered and setup more than 120 explosion proof quarter-turn actuators (SQX models) with INTELLI+ intelligent integrated control, to automate an oil depot fire protection located in Douala, Cameroon for SCDP (Société Camerounaise des Dépôts Pétroliers).

SCDP Douala oil storage depot is one of the 13 oil storage depots owned by the company. Bernard Control's technicians also provided the company with technical on-site support.

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Valve Magazine Digital Edition

15 SPR CVRInside the Spring 2015 issue…

• Heavy Oil
• 3D Printing Gains Momentum
• Restoring Power After Sandy
• What is a Surplus Valve?

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