Siemens sees no more large oil and gas buys soon

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Siemens sees no more large oil and gas buys soon

FRANKFURT (Reuters) - Germany's Siemens does not foresee any further significant acquisitions in oil and gas equipment following its agreement to buy Dresser Rand for $7.6 billion, it said. "We do believe now with Rolls Royce and Dresser-Rand we have the gap closed so we would not expect any material acquisition in the next years on this one," Chief Executive Joe Kaeser told a conference call for analysts and journalists. Siemens in May agreed to buy the energy gas turbine and compressor business of Britain's Rolls-Royce. (Reporting by Georgina Prodhan; Editing by Arno Schuetze)

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