Skip to main content

Burckhardt Compression welcomes new subsidiary

Published by , 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 - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Downstream news