By Tom Fairless

BRUSSELS--European Union regulators approved Siemens AG's (SIE.XE) $7.6 billion purchase of U.S. oilfield equipment maker Dresser-Rand (DRC) without conditions on Monday, after their probe concluded that the deal wouldn't harm competition in the bloc.

The regulators had opened an in-depth investigation into the deal in February, warning it risked reducing competition in the market for turbo compressors.

Write to Tom Fairless at tom.fairless@wsj.com

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