Curtiss-Wright to Acquire Dresser-Rand Business

Curtiss-Wright to Acquire Dresser-Rand Business

March 24, 2018
Dresser-Rand, producer of rotating parts and systems for U.S. Navy aircraft and marine vessels, will now merge with Curtiss-Wright Corp.

Curtiss-Wright Corp. announced its intention to acquire the assets of the Dresser-Rand Government Business, a leading supplier of high-speed rotating components and equipment used in many U.S. Navy aircraft and sea vessels. Dresser-Rand is a business unit of Siemens Government Technologies, a wholly owned U.S. subsidiary of Siemens AG (located in Germany). The transaction will take place for $212.5 million in cash. The acquired unit will operate as part of the power segment of Curtiss-Wright.

“The acquisition of Dresser-Rand’s government business portfolio significantly expands our shipset content and increases our footprint on new U.S. Navy Nuclear vessels, establishes a prominent Curtiss-Wright presence at U.S. Navy shipyards, and provides an opportunity to grow our existing U.S. Navy aftermarket business,” says David C. Adams, Chairman and CEO of Curtiss-Wright Corp. Dresser-Rand designs and produces high-speed rotating components and systems, including reciprocating compressors, steam turbines, and steam system valves. The hardware supports Nimitz-class and Ford-class aircraft carriers, Virginia-class and Columbia-class submarines, and most major U.S. Navy shipbuilding programs.

About the Author

Jack Browne | Technical Contributor

Jack Browne, Technical Contributor, has worked in technical publishing for over 30 years. He managed the content and production of three technical journals while at the American Institute of Physics, including Medical Physics and the Journal of Vacuum Science & Technology. He has been a Publisher and Editor for Penton Media, started the firm’s Wireless Symposium & Exhibition trade show in 1993, and currently serves as Technical Contributor for that company's Microwaves & RF magazine. Browne, who holds a BS in Mathematics from City College of New York and BA degrees in English and Philosophy from Fordham University, is a member of the IEEE.

Sponsored Recommendations