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Wyko claims legal authority over Fenner products
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Managing director of the company, Olajide Ajibola, declares in a statement that it is only by sourcing Fenner products through the Eriks company (Wyko) will companies enjoy the full warranties and guarantees associated with the Fenner brand name.
Wyko, which was acquired by Eriks in November 2006 139 million pounds, is a major supplier of engineering products to Nigerian manufacturing companies as well as operators in the oil and gas sector. Such products are not yet produced locally.
They include bearings, transmission belts, chains and couplings, hydraulic and mechanic seals, gearboxes, motors, inverters and motion controls etc.
According to Ajibola, the combination of the two companies “offers an enormous breadth and depth of products and service know-how to both the original equipment manufacturer and maintenance, repair and operations markets”.
With the acquisition of Wyko, Eriks Group’s next plan is to establish itself among the top three companies in each of its eight chosen core activities, namely: electrical and mechanical engineering services; flow technology, industrial plastics, power transmissions, sealing technology, specialist technologies, technical and logistics services plus tools and maintenance products.
Wyko, which was acquired by Eriks in November 2006 139 million pounds, is a major supplier of engineering products to Nigerian manufacturing companies as well as operators in the oil and gas sector. Such products are not yet produced locally.
They include bearings, transmission belts, chains and couplings, hydraulic and mechanic seals, gearboxes, motors, inverters and motion controls etc.
According to Ajibola, the combination of the two companies “offers an enormous breadth and depth of products and service know-how to both the original equipment manufacturer and maintenance, repair and operations markets”.
With the acquisition of Wyko, Eriks Group’s next plan is to establish itself among the top three companies in each of its eight chosen core activities, namely: electrical and mechanical engineering services; flow technology, industrial plastics, power transmissions, sealing technology, specialist technologies, technical and logistics services plus tools and maintenance products.
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