November 26, 2019 / 5:37 AM / 16 days ago

BRIEF-Burckhardt Compression To Become Parent Of Arkos Group

Nov 26 (Reuters) - BURCKHARDT COMPRESSION HOLDING AG :

* BURCKHARDT COMPRESSION PURCHASES REMAINING OWNERSHIP OF ARKOS FIELD SERVICES

* INDIRECT SUBSIDIARY OF BURCKHARDT COMPRESSION, PURCHASED REMAINING 60% OF ARKOS GROUP LLC EFFECTIVE AS OF NOVEMBER 25, 2019

* ARKOS GROUP, PARENT OF ARKOS FIELD SERVICES, WILL BE A 100% SUBSIDIARY OF BURCKHARDT COMPRESSION AND FULLY CONSOLIDATED AS OF NOV 25, 2019

* PREVIOUS CEO AND FORMER MAJORITY OWNER OF ARKOS GROUP WILL LEAVE COMPANY BUT CONTINUE TO PROVIDE SERVICES AND EXPERTISE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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