Sulzer today made the following statement in response to speculation about potential transaction discussions with Dresser-Rand (NYSE: DRC):
“Sulzer has confirmed that it is engaged in non-exclusive discussions with Dresser-Rand regarding a potential transaction. There can be no assurance that a transaction will result from these discussions, and Sulzer does not intend to comment further unless and until an agreement is reached.”
About Sulzer
Sulzer, headquartered in Winterthur, Switzerland, since 1834, specializes in pumping solutions, rotating equipment maintenance and services as well as separation, reaction, and mixing technology. The company is a leading provider in its key markets: oil and gas, power, and water. Sulzer serves clients around the world through a network of over 150 production and service sites, and it has a strong footprint in emerging markets. In 2013, the company achieved sales of over CHF 3.2 billion with around 15 000 employees.
About Dresser-Rand
Dresser-Rand (NYSE: DRC) is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and Brazil, and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries.