Burckhardt Compression North America Services, an indirect subsidiary of Burckhardt Compression, will acquire an additional 20% interest in Arkos Group, which owns Arkos Field Services.
The move gives Burckhardt Compression North America Services 60% interest in the company. The Burckhardt subsidiary acquired 40% interest in Arkos Group in December 2015.
Arkos Group, headquartered in Waller, Texas, specializes in gas compressor services and components, with its core business serving the upstream market. After the first acquisition, Burckhardt, through other subsidiaries, combined its operating sites in the United States with Arkos Field Services sites. All 16 of those sites will remain in operation.
The transfer of the 20% stake from Arkos to Burckhardt will occur at a future date following all legal procedures. Burckhardt Compression North America Services has the option to acquire the remaining 40% stake in the future.