Burckhardt Compression welcomes new subsidiary
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
After the signing for the acquisition of the remaining 40% of Shenyang Yuanda Compressor which took place on January 25, 2021, the closing has now also taken place and Shenyang Yuanda Compressor is now a 100% subsidiary of Burckhardt Compression.
In a statement, Burckhardt Compression: confirmed that all formalities of the transaction have been settled and the Chinese authorities have given the necessary approvals for the announced acquisition.
In September 2020, Burckhardt Compression announced the signing of a memorandum of understanding to acquire the remaining 40% of shares.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/24022021/burckhardt-compression-welcomes-new-subsidiary/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
