Business News

Dresser-Rand Agrees to Acquire Arrow Industries, Inc. and Completes Acquisition of Assets of Enginuity LLC

Monday 11. August 2008 - Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE:DRC), a global supplier of rotating equipment to the oil, gas, petrochemical, and process industries, announced today that its affiliates have entered into two acquisition agreements.

Each is consistent with the company’s strategy of acquiring products, services, and technologies that offer access to new markets or enhance current market positions, and each will enable Dresser-Rand to expand services to its clients. The acquisitions are expected to be neutral to earnings in the first year and accretive thereafter. Terms of the agreements were not disclosed.