Pentair-IDC JV to offer industrial services
01 May 2014
PENTAIR, a global water, fluid, thermal management and equipment protection company, has signed a joint venture agreement with International Development Company (IDC) to further establish a local presence to service valve, actuator and industrial equipment in Mussafah, Abu Dhabi, in the UAE.
“Pentair is excited by this unique opportunity to work with International Development Company in what will be the company’s first joint venture for industrial valve and pump services in the UAE,” says Ramesh Nuggihalli, vice-president and managing director for Pentair in the Middle East. “We are already committed to local manufacturing within the UAE and see the expansion into services as the natural progression of our business offering to our local customers.”
Faysal Urfali, the managing director of IDC, says: “We are pleased to have signed our agreement with Pentair. With our combined expertise, we are eager to fulfil the huge potential that exists for industrial services within the energy sector.
“The local presence of a highly experienced global manufacturer provides our customers with significant advantages for safely maintaining critically important process and protection equipment.”
Based in the US, Pentair delivers industry-leading products, services and solutions for its customers’ diverse needs in water and other fluids, thermal management and equipment protection.
Abu Dhabi-based IDC is one of the UAE’s leading service and supply companies with its expertise in the oil, gas, power and water and petrochemical industries.
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