Unconditional clearance: The European Commission clears a three to two merger on aero-derivative gas turbines market (Siemens / Dresser-Rand)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 29 June 2015, following an in-depth investigation, the Commission authorised without commitments the acquisition of the US company Dresser-Rand by the German Siemens group. The full version of the clearance decision was published one year later. The parties were both suppliers of turbocharger trains. Turbocharger trains are mainly used in the oil and gas industry for the exploration and production of oil and gas, for its transportation and storage, as well as for the refining and production of various by-products. For certain types of turbocharger trains, the parties competed worldwide mainly with the US General Electric ("GE") group and the