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Karl Kruse, German distributor of electronic components, and Chrontel, a manufacturer of TV and HDTV encoders, have signed a franchise agreement for Europe and the Middle East. Karl Kruse will take over marketing and distribution of the entire Chrontel product portfolio.

COMPONENTSThe broadline distributor Karl Kruse places great importance on the new agreement. Klaus P. Kruse, Managing Director and co-owner of the company Karl Kruse said: “We are absolutely convinced. Chrontel is a worldwide player in the field of video interface ICs. We see a great and prosperous future in this business segment.”

The aim is to establish Chrontel as supplier in the industry segment. Karl Kruse can offer the appropriate sales channels within the industry and also provides service and know-how throughout the entire life-cycle of the product – from choosing the right components to design-in support.

GE Oil & Gas and Al Shaheen Energy Services, a wholly owned subsidiary of Qatar Petroleum established to develop partnerships in the oil and gas and energy industries, have signed two partnership agreements, consolidating PII Pipeline Solutions’ presence in Qatar and the Middle East, and establishing a JV for aftermarket services of Turbomachinery equipment in Qatar.

50% investment in PII Pipeline Solutions

Under the first agreement Al Shaheen Energy Services becomes a 50% strategic JV partner in GE Oil & Gas’ PII Pipeline Solutions business with immediate effect. GE Oil & Gas will maintain operational control of the business. The company name will be PII Pipeline Solutions (an Al Shaheen/GE Oil & Gas Company). Its logo, inspection tool names, services and software will remain the same. Together, GE and Al Shaheen will establish a dedicated Integrity and Inspection center in Qatar, expected to be opened in 2010, to support pipeline solutions in the Middle East..

John Bucci, General Manager, GE Oil & Gas, PII Pipeline Solutions said: “Al Shaheen Energy Services, as part of Qatar Petroleum, is an excellent, strategic partner for PII to help us continue to grow and meet our long-term objectives. The partnership agreement will benefit our entire global customer base through the leveraging of additional strategic resources and improved access to the Middle East. This is great news for pipeline operators, our employees and the Middle East region, evidencing the strength and value of the PII franchise”.
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