Burkhardt buys JSW's compressor business
Burckhardt Compression is acquiring the global compressor business of The Japan Steel Works Ltd., abbreviated JSW. JSW is a highly diversified manufacturer of steel, power-plant equipment and industrial machinery and generated overall sales of CHF 1.9 billion in 2018. Approximately 1-2% of the overall sales is estimated to be generated in the compressor business.
Burckhardt Compression is purchasing the global compressor business of The Japan Steel Works Ltd. whose headquarters are located in Tokyo. JSW is listed on the Japanese stock exchange. Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management.
Both parties agreed not to disclose any details of the acquisition price. The acquisition agreement was signed on March 4, 2020. The closing of the transaction is expected to occur end of March 2020.
Burckhardt Compression supplies reciprocating compressor systems in the upstream oil & gas, gas transport and storage, refinery, chemical, petrochemical and industrial gas sectors.
