WASHINGTON, March 9, 2021 /PRNewswire-PRWeb/ -- DHS today announced the signing of a $450M agreement for the creation of a joint company called DHS-Berliner. The company's objective is to become the reference in providing Artificial Lift Progressing Cavity Pumps Systems (ALPCP) and associated services to the German O&G Market.
The Company, a 50/50 Joint Venture between DHS and Berliner, will have its headquarters located in Frankfurt. Through this partnership DHS and Berliner expect to deliver to the artificial lift market a global solution which exceeds both local operational and technological requirements. Under the agreement, DHS and Berliner will share financial and technological resources with the intent to leverage the best of both companies and provide best-in-class services to the German Upstream sector.
"Berliner, a significant player in ALPCP Market in Germany for the past 7 years, has committed to provide its unique expertise and technologies as a contribution to the JV's activities," said Fernando Aguirre, Vice Chairman of DHS. "DHS will contribute with its customer base and service experience using its broad infrastructure network and reputation within the industry. DHS, in line with its corporate strategy, will be able to broaden its offer of artificial lift solutions with the addition of the ALPCP Technology."
The complementary portfolio of technologies and service locations offered by DHS-Berliner provides the end users with a new and reliable global partner for the supply, installation and maintenance of their ALPCP Systems, backed up by years of expertise and recognized technologies throughout the country.
ABOUT DHS
DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations. We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government. We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world's most successful companies. We leverage what others cannot.
ABOUT DHS PRIVATE EQUITY TRUST
DHS Private Equity Trust is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. DHS invests in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. The Trust is externally managed by a subsidiary of DHS a global leader in real estate investing. DHS' real estate business was founded in 1998 and has approximately $74 billion in investor capital under management.
ABOUT BERLINER-GEGENBAUER
Berliner-Gegenbauer is located in Frankfurt, Germany and is part of the management of companies & enterprises industry. Berliner-Gegenbauer has 18,174 total employees across all of its locations and generates $838.52 million in sales (USD). There are 117 companies in the Berliner-Gegenbauer corporate family.
CAUTIONARY STATEMENT
Cautionary statement: These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
Media Contact
Steven Palmer, DHS, 1 202-719-0398, [email protected]
SOURCE DHS
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