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Burckhardt US takeover

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Nov 26 (LNGJ) – Swiss company Burckhardt Compression, whose LNG offerings include its Laby brand of compressors and boil-off gas solutions, has acquired a US field services firm, the Arkos Group, by purchasing the 60 percent of Arkos it did not already own. The Arkos workforce numbers 250 employees.

   Burckhardt initially acquired a 40 percent interest in Arkos Group in December 2015. “With the purchase of the remaining ownership of Arkos, Burckhardt Compression together with Arkos Field Services will be the only independent one-stop provider for equipment and service in the upstream, midstream and downstream business,” said Burckhardt.

   “The US has the world’s largest installed base of reciprocating compressors,” it noted. The previous estimate of Burckhardt’s full-year sales for fiscal year 2019 ranged between 600M Swiss francs ($601M) and 640M francs and with the acquisition will increase by 20M-30M francs.