Dresser Purchases Gimpel From Tyco Flow Control
Dresser-Rand Group Inc. announced that it has acquired the Gimpel business from Tyco Flow Control. Gimpel products include a line of trip, trip throttle and non-return valves to protect steam turbines and related equipment in industrial and marine applications. Terms of the sale were not disclosed.
With the announcement, Dresser-Rand will immediately begin taking orders for Gimpel products and servicing equipment in the Gimpel line.
Vincent Volpe Jr., Dresser-Rand president and CEO, stated the acquisition is consistent with the company’s “bolt-on” acquisition strategy. “With Gimpel’s extensive installed base, coupled with Dresser-Rand’s strength and global service network, we see opportunities to service Gimpel’s under-served installed base and further grow our aftermarket business,” he said.