Burckhardt Compression North America Services, an indirect subsidiary of Burckhardt Compression, said it has purchased the remaining 60% of Arkos Group, effective as of 25th November 2019.
With this step, Arkos Group, the parent company of Arkos Field Services, will be a 100% subsidiary of Burckhardt Compression and will be fully consolidated as of 25th November 2019, Burckhardt Compression explained in a statement.
According to Burckhardt Compression, the previous CEO and former majority owner of Arkos Group will leave the company but will continue to provide his services and expertise as a consultant to Arkos Field Services.
Burckhardt Compression said it initially acquired a 40% interest in Arkos Group in December 2015.
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