Dresser-Rand to Buy Virginia Company

Dresser-Rand plans to buy a Virginia company for about $50 million.

The transaction between Dresser-Rand and Synchrony is expected to close next month.

Synchrony is a technology development company with a portfolio of world-class technologies and products including active magnetic bearings, high speed motors and generators, and power electronics for clean, efficient, and reliable rotating machinery.

http://investor.dresser-rand.com/releasedetail.cfm?ReleaseID=631503



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