Let’s bring to your attention the many deals that hit the wires the past couple days.
Siemens Announces Agreement to Acquire Dresser-Rand
Takeover bid for Dresser-Rand has a total transaction value of $7.6 billion
Acquisition strengthens Siemens’ portfolio for oil & gas industry
Complementary regional footprint and product portfolio
Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens’ existing offerings, notably for the global oil & gas industry and for distributed power generation. To continue reading >>
Concur Acquisition: Letter to Customers from the SAP Global Managing Board
Dear Customers, It is our great pleasure to share the news that SAP announced its intention to acquire Concur. This decision supports SAP’s ambition to help all customers “Run Simple.”
Concur is the leader in the multi-billion market for travel and expense management software. With more than 23,000 customers and 4,200 employees, Concur will extend SAP’s business network. With more than US$600 billion in transaction volume, SAP has the largest business network in the world and delivers frictionless commerce across more than 25 different industries. With Concur, SAP can now address annual corporate travel spend of US$1.2 trillion worldwide. To continue reading >>
Merck KGaA to Acquire Sigma-Aldrich to Enhance Position in Attractive Life Science Industry
Merck KGaA to acquire Sigma-Aldrich for $140 per share in cash, valuing company at approx. $17 billion (€13.1 billion)
Acquisition expands EMD Millipore’s global reach, increasing the company’s presence in North America and adding exposure to fast-growing Asian markets
Customers benefit from broader offering of complementary products and capabilities and leading e-commerce platform in the industry
Merck KGaA plans to maintain significant presence in St. Louis, MO, and Billerica, MA
Life Science contribution to Merck KGaA earnings more than doubles
Transaction expected to be immediately accretive to EPS pre and EBITDA margin
Merck KGaA, a leading company for innovative and top-quality high-tech products in the pharmaceutical, chemical and life science sectors, and Sigma-Aldrich today announced that they have entered into a definitive agreement under which Merck KGaA, Darmstadt, Germany, will acquire Sigma-Aldrich for $17.0 billion (€13.1 billion), establishing one of the leading players in the $130 billion global life science industry. To continue reading >>
Note: Italics represent block quotes from firms’ respective press releases.