Dresser-Rand Closes Its Acquisition of Grupo Guascor S.L.

Dresser-Rand Group DRC announced today that through a subsidiary it closed the previously announced acquisition of Grupo Guascor S.L., a Spanish Sociedad Limitada ("GG"), from GG's shareholders (the "GG Shareholders") for a total enterprise value of euro 500 million (approximately $740 million) in a cash and stock transaction. The enterprise value includes the assumption of euro 125 million (approximately $185 million) in net debt, and the payment of approximately $303 million cash and the issuance of approximately 5 million shares of Dresser-Rand common stock.