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Howden Closes Acquisition of Compressor Products International.

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Vincent

MANews-(C)2009-2021

UK-based air and gas handling products provider Howden has completed its acquisition of US-based Compressor Products International, a provider of aftermarket components and services to the global reciprocating compressor market, the company said.

Headquartered in Houston, Texas, USA, CPI manufactures precision-engineered, custom aftermarket products which are vital to the longevity, efficiency and safety of reciprocating compressors.

This marks Howden's sixth acquisition of 2021 and is well aligned with Howden's strategy of expanding its global aftermarket presence in the compressor market.

By leveraging CPI's strategically located service centres, Howden will expand its aftermarket services and coverage across North America and Europe.

CPI's valves and aftermarket products are complementary and strategically important additions to Howden's existing aftermarket compressor technology portfolio.

As a result of this acquisition, Howden's addressable markets will increase by USD 1bn.

As part of Howden, CPI will be able to access growth opportunities through additional technology support from...

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