Company:Burckhardt Compression
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| Type | SIX Swiss Exchange |
|---|---|
| SIX: BCHN | |
| ISIN | [https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=CH0025536027 CH0025536027] |
| Industry | Compressor technology |
| Founded | 1844 |
| Headquarters | Winterthur, Switzerland |
Key people | Fabrice Billard (CEO), Ton Büchner (Chair of the Board of Directors) |
| Products | Reciprocating compressors |
| Revenue | CHF 829.7 mn (2022)[1] |
Number of employees | 2973 (2022)[1] |
| Website | https://www.burckhardtcompression.com |
Burckhardt Compression AG is a Winterthur-based Switzerland firm specialising in reciprocating compressors. According to the enterprise, it is the world leader in this field, with its products being used around the world in various industrial applications.
The company was founded by Franz Burckhardt as a small mechanical workshop in Basel in 1844, which he expanded to a factory making air and vacuum pumps. The firm was taken over by Sulzer in 1969 and became independent again in 2002 after a management buyout.
In May 2006, Burckhardt Compression announced its intention to go public on the Swiss stock exchange, probably in June 2006.
History
Burckhardt Compression, formerly known as Maschinenfabrik Burckhardt, was founded in Basel in 1844, as a mechanical workshop by Franz Burckhardt.[2] The company specialised in compressors and vacuum pumps from 1878, under the direction of Burckhardt's son, August Burckhardt. Early compressors from 1913 reportedly delivered 4350 psig (300 bar), increasing to 58,000 psig (4000 bar) by 1948 through the development of high-pressure technology.[3]
In 1969, Maschinenfabrik Burckhardt became part of Sulzer AG, at which point a second production plant was opened in Winterthur. In 2000, all business activities were combined in Winterthur - the Basel site was closed and in 2001, the headquarters were relocated to Winterthur.
Following a management buyout in June 2002, the company was renamed Burckhardt Compression AG, and a holding structure was put in place, under the name Burckhardt Compression Holding AG. In June 2006, an initial public offering (IPO) (VTX:BCHN) took place.
In December 2015, Burckhardt Compression acquired a 40% stake in Houston-based Arkos Field Services,[4] a provider of gas compression services and components. which was increased to 60% in November 2019 as company gains increased access to the American market.[5]
In March 2016, the company acquired a majority stake in Shenyang Yuanda Compressor, a leading Chinese manufacturer of reciprocating compressors, thereby gaining local market proximity and expanding the portfolio to cover different market needs.[2]
In September 2016, the company acquired IKS Industrie- und Kompressorenservice GmbH based in Bremen and in June 2017 Burckhardt Compression strengthened its presence in Canada through the acquisition of CSM Compressor Supplies & Machine Work Ltd based in Edmonton and Drumheller, Alberta.
In March 2020, the company acquired the global compressor business from The Japan Steel Works.[2]
Following several years of cooperation with the company, Burckhardt acquired SPAN Maintenance and Service Co. Ltd. in April 2023. The acquisition of the Thai-based Burckhardt-authorised service partner increased the company position in Southeast Asia and included taking over two dozen employees.[6]
Financial Results
| 2019[7] | 2020[7] | 2021[7] | 2022[7] | |
|---|---|---|---|---|
| Net income | 28M CHF | 32M CHF | 44M CHF | 50M CHF |
| Sales | 599M CHF | 630M CHF | 659M CHF | 830M CHF |
References
- ↑ 1.0 1.1 [1], Burckhardt Compression Website, August 21, 2023.
- ↑ 2.0 2.1 2.2 "Geschichte - Burckhardt Compression". 2020-09-22. https://www.burckhardtcompression.com/de/ueber-uns/geschichte/history/.
- ↑ "Cornerstones of Compression: The Burckhardt Labyrinth Compressor" (in en). 2023-05-30. https://www.compressortech2.com/news/cornerstones-of-compression-the-burckhardt-labyrinth-compressor/8029283.article.
- ↑ "Burckhardt fully integrates Arkos" (in en). 2023-01-03. https://www.compressortech2.com/news/burckhardt-fully-integrates-arkos/8025724.article.
- ↑ "Arkos Field Services - People, Relationships and Experience". https://www.arkos.com/.
- ↑ "Burckhardt Compression strengthens its presence in Thailand" (in en). 2023-02-14. https://www.hydrocarbonengineering.com/gas-processing/14022023/burckhardt-compression-strengthens-its-presence-in-thailand/.
- ↑ 7.0 7.1 7.2 7.3 MarketScreener (2023-06-06). "Switzerland's Burckhardt Compression Posts Higher FY22 Net Income, Revenue -June 06, 2023 at 01:04 am| MarketScreener" (in en). https://www.marketscreener.com/quote/stock/BURCKHARDT-COMPRESSION-HO-183854/news/Switzerland-s-Burckhardt-Compression-Posts-Higher-FY22-Net-Income-Revenue-44044755/.
- Robert Brookes (2006-05-27). "Burckhardt compressors pressurise the world". Swissinfo. http://www.swissinfo.org/eng/top_news/detail/Burckhardt_compressors_pressurise_the_world.html?siteSect=106&sid=6724726.
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