Etoy, 24. October 2014 – Parker Hannifin, the global leader in motion and control technologies has just signed a strategic agreement with Oilserv Group, which will ensure the distribution of Parker products for the Oil and Gas, Power, Food & Beverage and Industrial markets in the West Africa sub-region including Nigeria, Republic of Benin, Togo Republic, and the East Africa sub-region including, Kenya, Uganda, Tanzania, South Sudan and Mozambique.
This agreement is effective immediately and means that customers will have access to Parker products via Oilserv and affiliate hubs in Port Harcourt, Lagos, Lome, Cotonou, Nairobi, Kampala, Dar es Salaam and Maputo.
“This is excellent news” says Barry Mackay, Regional General Manager for Africa and southern Europe. “This agreement will allow both Parker and Oilserv to accelerate their growth in key areas of Africa and meet both companies’ long term growth strategies by serving existing global customers operating in the sub-regions and indigenous enterprises. In Oilserv, we have found an established, credible and professional partner, which employs skilled local engineers and professionals and embodies a commitment to local content in the form of capacity development in all the markets that it operates with the foundation it has successfully developed over the last 20-years they have been in operation in the Nigerian market. Oilserv is ready to grow with us and have the ability and drive to make this happen.”
(From Left to Right): Nick Wright, VP Business Development and Marketing Parker EMEA, Mr Emeka Okwuosa, CEO Oilserv, Mr David Kirubi, Senior Executive, GROWTH Oilserv, and Barry Mackay, Regional General Manager Sales Companies South Parker.
Oilserv Group is a privately held Pan African enterprise focused on providing turnkey and customized value chain solutions in the Oil & Gas, Power and Industrial verticals. The Oilserv Group of Companies has extensive experience as an EPC for gas pipeline and facilities projects (Oilserv Ltd), Feedstock-To-Power and Gas-To-Commodities (FrazPower Ltd), oil and gas exploration and production (FrazOil Ltd) and engineering and project management (Frazimex Ltd). Founded in 1993 and with regional headquarters in Nigeria, Kenya, USA and UK, they are compliant to the ISO 9001:2008 and ISO 14001 standards. For more information, visit the company's websites at www.oilservltdng.com, www.frazimex.com and www.frazpower.com.
About Parker Hannifin
With annual sales of $13 billion in fiscal year 2014, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 57,500 people in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 58 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's website at www.parker.com, or its investor information website at www.phstock.com.