Burckhardt Compression purchases remaining ownership of Arkos Group


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.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

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...