France-based Sonepar has acquired Oakwell Distribution, the former distribution arm of Oakwell Engineering Ltd., a supplier of electrical, mechanical products and services to the oil and gas industry.
Oakwell is headquartered in Singapore with operations in seven countries in Asia and other key oil and gas markets around the world. Oakwell’s concept is to be a one-stop provider of engineering and procurement solutions. Sonepar welcomes Low Ben Ting, founder and managing director, along with the 236 associates from Oakwell.
Sonepar has invested consistently in South-East Asia since 2008.