Siemens is to acquire rotating equipment parts and service provider Dresser-Rand for approximately $7.6 billion in an all cash transaction. The $83 per share price represents a 37% premium. Siemens will operate Dresser-Rand as its oil and gas business line, retaining the executive team. Houston will be the Siemens’ oil and gas HQ.
Privately held multinational engineer Vepica Group has acquired ‘ownership interests’ in Houston-based 3D modeling, reverse engineering and laser data collection boutique Edoxx Technical Services. Edoxx provides conceptual and detailed engineering for onshore and offshore oil and gas facilities.
Following its acquisition of JD Field Services earlier this year, Las Vegas-based National Automation Services is in the process of acquiring Mon-Dak Tank and Devoe Contracting.
Schneider Electric is to acquire InStep Software,
a provider of real-time performance management and predictive asset
analytics software and solutions. InStep’s eDNA data historian and
PRiSM predictive analytics software use AI-based techniques to monitor
the health and performance of critical assets in real time.
Teradata has acquired Think Big Analytics,
adding an open source, big data capability to its technology platform.
Think Big’s expertise covers Hadoop, NoSQL databases including HBase,
Cassandra and MongoDB, and Storm for real-time event processing.
Vista Equity Partners is to acquire Tibco
in a $4.3 billion cash deal. The $24.00 per share price represents a
26.3% premium and is subject to approval by Tico stockholders and
regulatory approvals.
Swets Information Services B.V.
was declared bankrupt last month and has entered a two month ‘cooling
off’ period. Swets’ 110 employees in the Netherlands have been
terminated. According to the release, the bankruptcy ‘does (for now)
not affect its (foreign) subsidiaries.’
Enterprise Products has acquired the interests in its Oiltanking Partners unit from Oiltanking Holding Americas in an approx. $4.4 billion paper and cash transaction.
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