Under the agreement, Dresser-Rand will acquire the Leading Edge assets for an initial consideration of approximately $35m. The acquisition is expected to add a new dimension to Dresser-Rand’s service portfolio with extension into the large industrial gas turbine repair and field services segment.
Luciano Mozzato, executive vice president of services worldwide at Dresser-Rand, said: “Leading Edge is an excellent first step into a promising new market for Dresser-Rand. It extends our capabilities to the service and repair of industrial gas turbines and strengthens our large steam turbine service capabilities.
“The gas turbine aftermarket represents a multi-billion dollar annual opportunity that Dresser-Rand is excited about participating in. Leading Edge has earned a reputation as a high-quality service provider for a wide-range of rotating equipment. The Company has an impressive management team with a record of profitable growth.”
Headquartered in Houston, Texas, Leading Edge Turbine Technologies specializes in the repair of industrial gas turbine combustion, stationary and rotating components for gas turbine OEM models and frame sizes.
