Loading...
Loading...
burckhardt-compression-acquires-shenyang-yuanda-compressor
burckhardt-compression-acquires-shenyang-yuanda-compressor

Burckhardt Compression acquires Shenyang Yuanda Compressor

0

Burckhardt Compression has signed a contract to acquire the remaining 40% of Shenyang Yuanda Compressor.

Based in Shenyang, China, Shenyang Yuanda Compressor employs approximately 650 employees in the country and generated sales of around CHF 100 million ($112m) in 2019.

Burckhardt Compression has owned 60% of Shenyang Yuanda Compressor since May 2016.

According to a statement released yesterday (25th Jan), the shares were transferred with retrospective effect from 1st Jan 2021, meaning that Shenyang Yuanda Compressor’s total net profit from then is attributable to the shareholders of Burckhardt Compression.

... to continue reading you must be subscribed

Subscribe Today

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...