Burckhardt Compression (Burckhardt) has signed purchase agreement for the global compressor business with Japan Steel Works (JSW). Headquartered in Tokyo, JSW is a manufacturer of steel, power-plant equipment, and industrial machinery.
JSW will transfer its compressor business, including the aftermarket service support of its existing customers, to Burckhardt Compression Japan Ltd. (BCJP). Both parties agreed not to disclose any details of the acquisition price. The acquisition agreement was signed on March 4, 2020, and the closing of the transaction is expected at the end of March.
“Burckhardt Compression is building on its market leadership in the compressor business and expanding its presence in Japan, a key market, with this acquisition.” said Marcel Pawlicek, Burckhardt Compression CEO.
Burckhardt Compression supplies reciprocating compressor systems in the upstream oil & gas, gas transport and storage, refinery, chemical, petrochemical and industrial gas sectors.
IPS Teknokraft Indonesia as official partner company of Burckhardt Compression in Indonesia will provide high quality reciprocating compressor system to our customer. We build our customer with trust, good sales, and services.