Burckhardt Compression to Acquire Majority Stake in Leading Chinese Reciprocating Compressor Manufacturer

by swisscham in Engineering, Manufacturing

Burckhardt Compression signed on 10 March 2016, the agreement to acquire a 60% stake in Shenyang Yuanda Compressor Co., Ltd., the leading reciprocating compressor manufacturer in China. Shenyang Yuanda Compressor Co., Ltd. achieved sales of CHF 110 million in 2015 with 650 employees. With this acquisition Burckhardt Compression gains local market reach in additional market segments, expands its product portfolio to cover the diverse market requirements and gets direct access to a well-established local supply chain. Closing is scheduled to take place in April/May 2016. Both parties agreed not to disclose any further terms of the acquisition agreement.

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