Charter acquires entire issued share capital of Thomassen

London-based engineering business Charter International has announced that, through Howden, its air- and gas-handling division, it has acquired the entire issued share capital of Thomassen Compression Systems, a supplier of high-power engineered compressors to the oil and gas and petrochemical industries.

The cash consideration is €100m (£87.9m), which is being financed from bank facilities.