Burckhardt Compression is strengthening its market presence and acquiring the global compressor business from The Japan Steel Works Ltd., abbreviated JSW, whose headquarters are located in Tokyo.
Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management.
JSW is a manufacturer of steel, power-plant equipment and industrial machinery. It generated overall sales of CHF 1.9 billion in 2018. Approximately 1 to 2 percent of the overall sales are estimated to be generated in the compressor business.
Marcel Pawlicek, CEO Burckhardt Compression: “Burckhardt Compression is building on its market leadership in the compressor business and expanding its presence in Japan, a key market, with this acquisition.”
The acquisition agreement was signed on March 4, 2020, and closing is expected to occur end of March 2020.