Dresser-Rand Closes Acquisition Of Grupo Guascor
Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service products, closed its acquisition of Grupo Guascor S.L., a Spanish Sociedad Limitada, from GG’s shareholders for a total enterprise value of US$740 million (€500 million) in a cash and stock transaction.
The enterprise value includes the assumption of US$185 million (€125 million) in net debt, the payment of US$303 million (€204.3 million) cash and the issuance of 5 million shares of Dresser-Rand common stock.
GG, a private company headquartered in Vitoria-Gasteiz, Spain, is a supplier of diesel and gas engines providing customized energy products across worldwide energy infrastructure markets based upon reciprocating engine power systems technologies.
For more information: www.dresser-rand.com