Siemens Considering Offer for US Engineering Firm Dresser-Rand Inc - Report

By Dow Jones Business News, 
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By Sarah Sloat

FRANKFURT--Siemens AG (SIE.XE) declined to comment Thursday on a media report that it is considering an offer to buy U.S. engineering company Dresser-Rand Inc. ( DRC ).

Citing sources close to Siemens, Germany's manager magazin reports that Siemens has been examining a Dresser-Rand bid for some time, but was side-tracked in the Spring when an opportunity arose to bid for French energy giant Alstom's energy assets. Alstom eventually struck a deal with General Electric Co.

Dresser-Rand, which supplies equipment to the oil and gas industry, has a current market value of about $4.6 billion. The U.S company wasn't immediately available for comment.

Write to Sarah Sloat at sarah.sloat@wsj.com

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This article appears in: Technology , Energy

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