Dresser-Rand Group

Dresser-Rand is a US-based engineering company. Main products are turbo machines such as steam turbines, gas turbines and compressors in the medium and large power range (up to about 100 megawatts).

The company operates throughout the world and has 13 factories in 8 countries with about 7,200 employees. Furthermore, there are 49 service centers worldwide. Main customers are the oil and gas industry, utilities and industrial companies.

History

The company Dresser Industries was founded in 1880 by Robert Solomon Dresser ( 1842-1911 ). In 1927 the had an annual turnover of 3.7 million U.S. dollars and employed 400 workers. Dressers descendants, the company sold in 1928 to the investor WA Harriman & Company, which converted it into a corporation through the issue of 300,000 shares. 1950 moved the company headquarters to the center of the American oil industry, to Dallas, Texas to.

In 1987, Dresser Industries decided with the competitors Ingersoll Rand to merge the joint activities in the field of turbomachinery. So the joint venture Dresser-Rand was born. In the course of establishing the joint venture some product lines were sold to the rival Goulds Pumps.

After Dresser Industries was acquired by Halliburton in 1998, took over Ingersoll Rand in 2000, all the shares of Dresser. 2004 Ingersoll Rand sold the daughter of Dresser-Rand to the investment company First Reserve Corporation ( FRC).