June 26, 2017 | Ad hoc announcement pursuant to Art. 53 LR

Burckhardt Compression expands its presence in Canada

Burckhardt Compression Holding AG has acquired CSM Compressor Supplies & Machine Work Ltd, (CSM) a Canadian company based in Edmonton and Drumheller, Alberta, effective June 23, 2017. The company recorded sales of about CHF 5.7 million and employed a staff of 43 in 2016. This acquisition helps Burckhardt Compression to expand its presence in the reciprocating compressor service market in Canada. The parties have agreed not to disclose the purchase price.

The acquisition of CSM Compressor Supplies & Machine Work Ltd, rounds out Burckhardt Compression’s service infrastructure in Western Canada. CSM has 35 years of experience in component supply and repair, focused on the upstream market. This purchase enables Burckhardt Compression Canada to establish a presence in the upstream compressor service market and, in parallel, offer comprehensive service to downstream customers through the combination of service and engineering expertise through the capabilities of CSM.

“The acquisition of CSM Compressor Supplies & Machine Work Ltd allows us to address both the upstream and downstream markets in Canada,” says Marcel Pawlicek, CEO of Burckhardt Compression. “Rounding out our comprehensive service offering in local markets is one of our main goals during these highly competitive times.”