Dresser Utility Solutions signs agreement to acquire RMG, tell me about this news in (https://www.manilatimes.net/2026/10/01/tmt-newswire/globenewswire/dresser-utility-solutions-signs-agreement-to-acquire-rmg/2437360)

Here is the summary of the news reported via GlobeNewswire and syndicated by The Manila Times:

On October 1, 2026, Houston-based Dresser Utility Solutions announced that it signed an agreement to acquire RMG Messtechnik GmbH, a German-headquartered provider specializing in ultrasonic gas measurement technology.

Key Details of the Acquisition

• Target Company: RMG Messtechnik GmbH is headquartered in Butzbach, Germany, with operations in Germany and offices in the United States, China, India, Dubai, and Austria. The company has roughly 230 employees worldwide and over a century of experience.

• Product Line: RMG designs and manufactures high-pressure ultrasonic gas meters, turbine meters, gas chromatographs, flow computers, data loggers, and related communication devices.

• Strategic Value: The acquisition expands Dresser’s gas measurement and flow control portfolio, uniting two established providers to offer a broader range of utility infrastructure solutions internationally.

• Leadership Statements:

  • David Evans (President & CEO of Dresser Utility Solutions) stated that RMG’s technical expertise and portfolio will create new growth opportunities and expand customer offerings.

  • Thorsten Dietz (CEO of RMG) highlighted their shared decades of service in the natural gas industry and expressed enthusiasm for partnering to deliver advanced measurement solutions.

• Transaction Status: The deal is subject to customary regulatory approvals and closing conditions. Until the transaction closes, both companies will continue operating as separate, independent entities.