We are pleased to announce that as of 2 May 2011 Dresser-Rand Group, Inc., by and through a Spanish subsidiary, Dresser-Rand Holdings Spain S.L.U, has purchased all of the issued and outstanding capital stock of Grupo Guascor, S.L. To read the acquisition announcement, please click here.

Dresser-Rand is among the largest global suppliers of custom-engineered rotating equipment for long-life, critical applications in the oil, gas, petrochemical and process industries. To learn more about Dresser-Rand, please visit our website at www.dresser-rand.com.

Guascor is a leading supplier of diesel and gas engines providing customized energy solutions across worldwide energy infrastructure markets based upon reciprocating engine power systems technologies. Guascor also has substantial experience in bio-energy and distributed generation applications.