We are pleased to announce the addition of ČKD Kompresory to our compressor division. Based in Prague, ČKD Kompresory is a leading supplier of multi-stage centrifugal compressors to the oil and gas, petrochemical, power and steel industries. Building on the strength we have in reciprocating, screw and turbo compressors, the acquisition of ČKD Kompresory broadens and enhances the range of products we offer and further expands our business in Russia and Eastern Europe. In addition, the transaction will add another strong brand to the Howden arsenal, as well as a talented team with a wealth of industry experience.
Steve Simms, CEO, Colfax, said about the acquisition, "With a history extending back nearly 150 years, ČKD Kompresory is a wonderful brand with a great team and geographic footprint. The transaction will strengthen Howden's compressor business, and expand Colfax's exposure to end markets with exciting growth potential. We are pleased to continue investing behind Howden's growth strategy."
This acquisition is another significant step forward for Howden as we continue to build our business worldwide and move into new segments; diversifying beyond our mainstay core business and increasing our presence in emerging markets.
A full copy of the announcement can be viewed here on the Howden website, or on the Colfax Corporation website.