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GERMANY - 22/09 13:32 CET

Siemens buys into big US shale gas player

Siemens buys into big US shale gas player

One of the big names in American oilfield technology, Dresser-Rand, has been bought by Germany’s Siemens for nearly six billion euros in cash. The oil equipment maker’s purchase allows Siemens to better compete against General Electric in the booming shale gas market. It is one of the biggest acquisitions in the German…