# Curtiss-Wright to acquire Dresser-Rand Government Business for $212.5M

Curtiss-Wright agreed to acquire the Dresser-Rand Government Business from Siemens Government Technologies for $212.5 million in cash. The business makes high-speed rotating equipment such as reciprocating compressors and steam turbines for the U.S. Navy.

- Type: Acquisition
- Announced: 2018-02-20
- Where: United States
- Value: $212.5M
- Jobs: 150
- Status: announced
- Products: reciprocating compressors, steam turbines, steam system valves, ship repair and maintenance
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (partner)
- [Curtiss-Wright](https://endata.com/companies/1989.md) (acquirer)
- [Dresser-Rand Government Business](https://endata.com/companies/2866.md) (target)

## Sources

- [curtisswright.com](https://curtisswright.com/news/press-releases/news-release-details/2018/Curtiss-Wright-to-Acquire-Dresser-Rand-Government-Business), 2018-02-20: "Curtiss-Wright Corporation (NYSE:CW) today announced that it has entered into an agreement to acquire the assets that comprise the Dresser-Rand Government Business"
- [navaltoday.com](https://www.navaltoday.com/2018/02/21/curtiss-wright-buying-dresser-rand-government-business/), 2018-02-21: "US-based defense contractor Curtiss-Wright Corporation is acquiring Dresser-Rand Government Business, a US subsidiary of Siemens AG in Germany, for $212.5 million in cash."
- [curtisswright.com](https://curtisswright.com/news/press-releases/news-release-details/2018/Curtiss-Wright-Completes-Acquisition-of-Dresser-Rand-Government-Business), 2018-04-03: "Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of the Dresser-Rand Government Business"
- [electro-mechanicalsystems.curtisswright.com](https://electro-mechanicalsystems.curtisswright.com/news/news-details/2018/Leading-Supplier-of-Mission-Critical-High-Speed-Rotating-Equipment-Solutions-to-the-US-Navy), 2018-04-03: "Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of the Dresser-Rand Government Business"
- [asdnews.com](https://www.asdnews.com/news/defense/2018/04/03/curtisswright-completes-acquisition-dresserrand-government-business), 2018-04-03: "The Dresser-Rand government business employs approximately 150 people."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.