Ovity Air Comprimé is located in Le Mans in the Loire Valley in France and has 8 employees.
“The acquisition will open up opportunities to further develop our presence in the area and grow our service offering in the north west of France,” said Vagner Rego, Business Area President Compressor Technique.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The company will become part of the service division within the Compressor Technique Business Area.
Sara Liljedal, Media Relations Manager
08 743 8060 or 072 144 1038
media@atlascopco.com
Vagner Rego, Business Area President Compressor Technique
With the acquisition of the global compressor business from The Japan Steel Works Burckhardt Compression is strengthening its market presence in Japan. The Japan Steel Works Ltd. whose headquarters are located in Tokyo generated in 2018 overall sales of CHF 1.9 billion. Approximately 1-2% of the overall sales is estimated to be generated in the compressor business. JSW is listed on the Japanese stock exchange. Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management.
Both parties agreed not to disclose any details of the acquisition price.
Further information:
Marcel Pawlicek, CEO
Tel.: +41 52 262 55 00
marcel.pawlicek@burckhardtcompression.com
WestRon’s main focus is servicing and selling compressors and equipment to the general industrial manufacturing industry.
“Extending our service offering is a part of our strategy to grow our presence in this important region,” said Vagner Rego, Business Area President Compressor Technique.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
WestRon will operationally become part of the Compressor Technique service division.
Burckhardt Compression is outfitting a 30,000 m3 LNG carrier operated by Knutsen OAS
Shipping AS with Laby® compressors. The Laby® compressors will be delivered to Hyundai
Mipo Dockyard as part of the fuel gas supply system built by Wärtsilä Oil & Gas Solutions
and will supply the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off
gas as fuel.
The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel, allows both natural gas and
marine diesel to be used as fuel for ship propulsion systems. Ship operators can switch between
the two fuel types, maritime diesel and the boil-off gas that inevitably evaporates from LNG storage
tanks, during operation.
KANSAS CITY, MO.—October 2, 2018—GE Distributed Power (NYSE: GE) announced the latest enhancement to its Waukesha* 275GL+* lean-burn gas engines, the 275GL+ with ESM*2. With a current lead time of less than 20 weeks, this new generation provides a high-performance and economical alternative for customers in the oil and gas midstream industry with compression needs for gathering, processing and transportation applications. The announcement was made at GMRC’s (Gas Machinery Research Council) Gas Machinery Conference, being held Sept. 30-Oct. 3 in Kansas City.
Waukesha 275GL+ gas engines are offered in a 16-cylinder model, rated at 5,000 bhp, and a 12-cylinder model, rated at 3,750 bhp. This latest generation of the 275GL+ represents a significant enhancement for the largest Waukesha gas compression engine platform.
“We focused our priorities on improving fuel flexibility, altitude capability and lowering NOx emissions for this latest generation of the Waukesha 275GL+ gas engine family. A low compression ratio piston design coupled with larger turbochargers and the latest ESM2 engine controller for Waukesha gas engines were instrumental in getting us these improvements,” said Dr. Andreas Lippert, general manager product management at GE’s Distributed Power business.
The latest 275GL+ engine achieves 0.3 g/bhp (140 mg/Nm3) NOx emissions levels while maintaining flexibility to offer full power up to 1,550 Btu/scf (58 MJ/ Nm3) and at altitudes up to 6,000 ft (1,829 m).
The 275GL+ now also comes with ESM2, the next-generation Waukesha gas engine controller and full-color touchscreen customer interface HMI panel available in 12-, 15- or 19-inch screens. The advanced control system allows users to see all engine parameters, trend data, monitor faults, view operating manuals, walk through troubleshooting steps, display alarms and set shutdown criteria, and simplify startup and commissioning—all without the need for a separate laptop computer. ESM2 also helps enhance performance by improving ignition timing based on fuel quality to increase power, fuel flexibility and altitude capability. In addition, ESM2 incorporates GE’s myPlant* Asset Performance Management solution that enables operators and service providers to remotely monitor equipment health, diagnose faults and to proactively manage asset performance.
“With the midstream industry experiencing rising costs and long lead times on critical equipment, finding cost-effective ways to gather, process and move as much gas as possible in a timely manner to meet our customers’ investment return criteria is critical,” added Lippert.
Key features of the new Waukesha 275GL+ gas engine with ESM2 include:
The new generation of the Waukesha 275GL+ gas engine with ESM2 will be available for quoting in early 2019.
* Indicates a trademark of the General Electric Company.
Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston, Texas, the global headquarters for Oil & Gas and its parent operating company, Siemens Gas and Power.
Arja brings to this position extensive leadership experience. Prior to taking this new role, he was responsible for Siemens Saudi Arabia, a market and area of the world very important to the oil and gas and power businesses. Together with his team, Arja has developed close ties and strategic partnerships with leading global oil and gas, energy and petrochemicals companies, and has succeeded in securing and executing large infrastructure projects. His focus has also provided broad exposure to Siemens’ products, projects, solutions, and services.
Arja began his career with Siemens in 1996 as a rotating equipment and automation systems engineer and has since held several roles of increasing responsibility across the globe. His 23 years of experience with Siemens provides valuable perspective to the power and oil and gas businesses as energy markets continue to evolve in this transitionary period.
Arja will provide a luncheon keynote address at the 50th annual Offshore Technology Conference (OTC) in Houston on Tuesday, May 7th at 12:15 – 1:45 p.m. (CST). The title of his presentation is Fostering a Smarter Energy Transition – from Cleaner Hydrocarbons to Cost-competitive Renewables.
“The energy industry is transforming amidst a digital and technological revolution, which moves us toward evermore complex, multi-modal and decentralized systems,” said Arja. “Managing this complexity is the true challenge of shaping the new energy future requiring us to think and plan how we will, together with our customers, transform from today to tomorrow’s energy ecosystem.”
Stockholm, Sweden, April 9, 2019: Atlas Copco has acquired PSI Compressors of Brockville Incorporated. The company is a distributor of compressors in the south-eastern part of Ontario.
PSI Compressors is located in Brockville, Ontario, Canada and sells, services and installs compressors and related ancillaries.
The company’s main focus is general industrial manufacturing, food and beverage, agricultural, government and educational institutions.
“The acquisition gives us the ability to develop our presence in eastern Ontario”, said Vagner Rego, Business Area President Compressor Technique. “It allows us to increase direct sales and services in this important region”.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
PSI Compressors of Brockville Incorporated will operationally become part of the Compressor Technique service division.
Canonsburg, PA – Effective April 1, 2019, Steven J. Bauer, PE, SE, joined Steel Nation as the General Manager of Steel Nation Engineering, Inc. Steve’s diverse background will enable Steel Nation to better serve its clients in the oil & gas, commercial, healthcare, and water and wastewater markets.
Steve is an experienced engineering leader with a multi-faceted background in structural engineering, team leadership, and specialty product development for the construction industry. With Bachelor’s and Master’s degrees from Purdue University, Steve’s core focus has always been structural engineering, with a strong emphasis on medical and gaming facilities early in his career. Steve spent several years leading the engineering and product development teams for a key producer of structural components for the solar industry. Most recently, Steve’s focus was bringing value-added engineering solutions to large chemical and combined-cycle power plants in the Pittsburgh region. Steve’s experience, along with being licensed as a Professional Engineer in PA, OH, WV, CA, NV and CO, as well as a licensed Structural Engineer in IL, NV and UT, will help bring Steel Nation to another engineering level.
Steel Nation President, Mark Caskey said, “Steve will make an excellent addition to Steel Nation’s leadership team. With his background and expertise in the engineering field, he’s well-suited to help guide the next phase of our corporate development.”
Mark Dooley, Steel Nation EVP / CFO said, “In a short ten-year span Steel Nation has made tremendous progress and we owe much of that success to our people. We know that our engineering is and will continue to be a differentiator. We’ve done a lot to add to our value proposition by offering our own engineering solutions to a broad range of clients, from oil & gas to healthcare. It’s exciting to bring in someone like Steve to advance Steel Nation’s engineering capabilities.”
Steve said, “I’m excited to join an already high-performing engineering team and to seek out opportunities where we can add additional value to both current and new customers. I look forward to meeting our customers to better understand their daily operations and to identify ways to improve quality and strengthen Steel Nation’s reputation as a true value-added partner.”
Abengoa, a Spanish engineering, procurement and construction (EPC) contractor, recently selected Siemens to supply a compressor train for Fulcrum BioEnergy’s Sierra BioFuels Plant that will use gasification technology to produce low-carbon fuels from municipal solid waste. The plant will be located in Storey County outside of Reno Nevada and is expected to produce approximately 11 million gallons of biofuel per year that will be used by the aviation industry.
Fulcrum’s Sierra BioFuels Plant will divert municipal solid waste that would otherwise be landfilled and will convert it into low-carbon transportation fuel. The fuel produced at the plant will reduce carbon emissions by more than 80%.
Siemens scope of supply includes a steam turbine, three synthesis gas
Dresser-Rand DATUM compressors, and balance of plant equipment including coolers, filters and valves. The equipment is expected to ship to Fulcrum’s plant in mid-2019.
Synthesis gas, which is created from the gasification of municipal solid waste, needs to be compressed to high pressures. The highly efficient DATUM compressors, driven by Siemens steam turbine, reduce the plant’s demand for electricity.
Additionally, the DATUM compressor’s modular bundle assembly enables rapid change-out of rotating elements in one cartridge-style unit. The modular bundle allows a DATUM module to be replaced in the field, typically in less than a day – compared to a traditional design that could require a plant to shut down for more than five days – which greatly reduces maintenance time and improves plant availability.
“Abengoa selected Siemens for this important project because of our unique technology offering and proximity to the site,” said Matthew Chinn, Executive Vice President Sales for Siemens Oil & Gas. “The DATUM compressors will be built and tested at our world-class manufacturing operation in Olean, New York, facilitating quick delivery and convenience for inspection and maintenance,” Chinn added.
The EQT Infrastructure III fund (“EQT” or “EQT Infrastructure”) today announced that it has acquired Kodiak Gas Services, LLC (“Kodiak” or the “Company”) from The Stephens Group, LLC, a private investment firm representing the interests of Witt Stephens, Jr. and Elizabeth Campbell. Kodiak will maintain its corporate headquarters in Houston, Texas, under the continued leadership of President Mickey McKee, CEO David Marrs, and the Kodiak management team. Terms of the transaction were not disclosed.
Founded in 2011, Kodiak is the largest privately owned contract compression company in the US; providing necessary compression equipment for the extraction of oil and transportation of natural gas in the United States. With over 1,130,000 revenue generating horsepower (“HP”) deployed across key basins, Kodiak has a differentiated offering focused on exceptional customer service and technical performance. Kodiak leverages its scale, multi-decade operational experience, strong customer relationships and leading data analytics and integration to deliver best in class service and mechanical availability.
EQT will support Kodiak in its next phase of development as the Company focuses on continued expansion with existing and new customers, further strengthening its technology platform and enhancing the Company’s service offering. Moreover, EQT will leverage its bench of Industrial Advisors with extensive experience in the Energy and Midstream sectors to enhance growth and operational efficiencies.
Alex Darden, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, commented: “Kodiak’s differentiated service offering, strong commitment to customers and critical infrastructure at every juncture in the oil and gas value chain make the Company unique in their industry, embodying EQT Infrastructure’s approach of targeting high-quality, industry leading, stable businesses with transformation potential. We are impressed with Kodiak’s continued transformation through data implementation and strong growth and believe that the Company’s ambition and people will continue to have positive impacts going forward. We are excited to help build and shape the next phase of development for Kodiak and look forward to working with such a talented group of people and outstanding executive management team who share the same culture, values and drive as EQT.”
“We are extremely excited to be partnering with EQT to continue to grow Kodiak as the premier provider of contract compression services in the U.S. EQT brings a wealth of knowledge to our partnership and together, we will create a platform to continue to attract the best customers, in the best basins, to provide the highest level of contract compression services in the business,” commented Mickey McKee, President of Kodiak. “With our focus on the essential, large horsepower infrastructure-type compression applications, coupled with our relentless commitment to runtime and customer service, Kodiak is well-positioned to continue to profitably grow and take market share.”
“The EQT Team understands the critical nature of contract compression in serving our nation’s energy infrastructure. EQT’s partnership with Kodiak will allow us to continue achieving industry leading profitability and growth rates while continuing to provide the best service in the industry,” commented David Marrs, CEO of Kodiak. “EQT has made a substantial commitment to Kodiak and we are very excited to continue this path with their support, vast industry experience and knowledge.”
Simpson Thacher & Bartlett LLP served as legal advisor to EQT Infrastructure. Jefferies LLC served as exclusive financial advisor and Kirkland & Ellis LLP acted as legal counsel to Kodiak.
