Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Dresser-Rand acquires parts supplier Synchrony

01.04.2012  | 

Rotating equipment and solutions supplier Dresser-Rand has closed on its previously-announced acquisition of Synchrony. Synchrony is a technology development company with a portfolio of technologies and products including active magnetic bearings (AMB), high speed motors and generators, and power electronics for rotating machinery.

Keywords:

Rotating equipment and solutions supplier Dresser-Rand has closed on its previously-announced acquisition of Synchrony, for approximately $50 million net of cash acquired.

The agreement includes the potential for additional consideration of up to a maximum of $10 million tied to technical milestones and to business performance, the company said.

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

A private company founded in 1993, Synchrony is headquartered in Roanoke County, Virginia, where it develops, manufactures, and tests its products in an ISO 9001-certified facility that includes a best-in-class model shop for rapid prototype fabrication and assembly.

The agreement was first announced on December 7, 2011.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


63%

37%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.