FLUX ACTIVE SERVICE STRENGTHENS POSITION AS PARKER DISTRIBUTOR IN NORWAY

umbilical
September 2018
Flux Group’s subsidiary, Flux Active Service, strengthens its distribution agreement with Parker Hannifin, the world’s leading manufacturer of hoses and couplings for the oil and gas industry. Flux Active Service has been awarded a major contract for the delivery of Parker BOP umbilicals to COSL Drilling Europe, and is about to open its own Parker Store as one of few selected partners in Norway.
Flux Active Service, acquired by Flux Group in 2016, provides hoses, couplings and related services for fluid transfer, power and control solutions for the oil and gas sector and the maritime industry. The company has for a number of years been a distributor for Parker Hannifin, which today is one of the main suppliers of Flux Active Service in Norway.

The company has over time established a solid market position and a strong customer portfolio. Recently, Flux Active Service was awarded a multi-million NOK contract for the delivery of BOP Control Umbilicals to COSL Drilling Europe, one of the most efficient drilling companies on the Norwegian Continental Shelf. Parker Hannifin will manufacture the umbilicals, with delivery in the first quarter of 2019.

Building on the well-established partnership with Parker Hannifin, Flux Active Service is opening its own Parker Store in connection with its office in Stavanger, as one of a few selected companies in Norway. The Parker Store will offer a range of Parker Hannifin's most popular products as well as regularly displaying new products.

"Parker is one of the largest suppliers of our core products and a partner demanding high quality deliveries. We consider the opening of our own Parker Store a significant endorsement. At the same time, we can announce the award of a large contract with Parker as manufacturer. These are important steps towards our ambition of becoming the leading Parker distributor in the Norwegian market, "says Erlend Fremstad, Managing Director of Flux Active Service.

Since the inception in 2014, Flux Group has built a strong position in its core markets, and the company sees attractive opportunities for further growth. The commitment to the "Hoses & Couplings" division has been very successful and has contributed to a broader and enhanced product- and service offering, giving market synergies for Flux Group.

For further information, contact:
Erlend Fremstad, Managing Director Flux Active Service, tel: +47 975 45 913

About Flux Group
Flux Group, a HitecVision company, has ambitions to build a strong, international oilfield services group. Flux Group intends to consolidate through acquisitions, as well as organic growth. Emphasising safety and quality, the group focuses on providing customers with a variety of oil and gas related equipment, components and services. Flux Group is headquartered in Stavanger, with locations in Norway, Italy, Singapore, UK and South Korea.
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