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/
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