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Sonepar expands its footprint in Southeast Asia with Oakwell acquisition

In another move to supply the offshore oil and gas industry, Sonepar SA, Paris has acquired Oakwell Distribution, the former distribution arm of Oakwell Engineering Ltd., effective Oct.  31. Sonepar said in a press release that Oakwell is a leader in the supply of electrical, mechanical products and services to the oil and gas Industry. The company is headquartered in Singapore and has operations in seven countries in Asia and other oil and gas markets around the world. The Sonepar press release said Oakwell is considered “the leader in its field in Asia” with total annual sales in excess of €105 million euros (approximately US $142.4 million). Low Beng Tin, Oakwell’s founder and managing director, has joined Sonepar along with 236 employees. Details

TAGS: Global
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