Wyko, an Eriks Company’s Know-How leads to a Successful Year
Friday, November 30th, 2007
One year on from the Â£139 million acquisition of WYKO by ERIKS nv in November 2006, the ERIKS Group is celebrating its strengthened market position. The Group is now a clear market leader in the industrial engineering parts distribution sector in Central and Western Europe and with forecasted sales of â‚¬940 to â‚¬950 million and approaching 4500 staff, the Group now operates 214 service centres and 62 production and technical centres with a product range of over half a million items.
Mark Dixon, CEO of WYKO commented: â€œThe high level of product and service know-how arising from the combination of the two companies has been instrumental in our achievements this year and the company has gone from strength to strength.â€
Since the acquisition in November 2006, WYKO has strengthened its offering to the OEM (Original Equipment Manufacturers) and MRO (Maintenance, Repair and Operations) markets through the acquisition of Flexible Hose Supplies (FHS) in July 2007 and the opening of two new international branches in the Czech Republic and Nigeria. The company has also expanded its horizons in 2007 with the launch of ERIKS Sealing Technology in September and a new Thermography Department in November. Finally, WYKO announced the acquisition of the trade and assets of Forco Electrical Services on 23rd November 2007, which will significantly enhance the presence of WYKO Electromechanical Services in South West England.
For further information visit: www.wyko.co.uk
Photo caption: Mark Dixon, CEO