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

BP awards three-year extension to EPC contract in Oman

A joint venture of Worley and Special Technical Services LLC (STS) has received a three-year contract extension to provide engineering, procurement and construction (EPC) services to BP’s Block 61 (Khazzan and Ghazeer) gas assets in the Sultanate of Oman.

 
 

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


 

This article has been tagged under the following:

Downstream news