Oando Gas & Power re-brands, as $115.8m new investment lifts firm
Oando Gas & Power Limited (“OGP”), the erstwhile midstream business subsidiary of Oando PLC (“Oando”), as part of its renewed strategic growth plan, has formally announced the change of its corporate identity and branding to Axxela Limited “Axxela”.
The company reveals that the re-branding effort follows the recent US$115.8million acquisition of a 75 per cent equity stake in the business by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm.
Axxela Chief Executive Officer, Bolaji Osunsanya, who spoke on the new brand identity said: “This is a reaffirmation of our operational independence as we become sub-Saharan Africa’s preferred and fast-growing gas & power portfolio company.
He added that he brand would enable the company leverage strategic partnerships to “deliver value adding energy solutions to our customers”, whilst facilitating sustainable economic development in its chosen markets.
“The change in our corporate identity also gives us the opportunity to re-introduce our business to the market, while humanising the far-reaching impact of our operations.”
The company revealed that, Axxela, coined from ‘accelerate’ and excellence’, focuses on developing innovative solutions to bridge sub-Saharan Africa’s energy gap.
The re-brand illustrates its determination to be an indispensable energy player via its insights-driven approach and inventive team ethos.
Daily Times recalls that Axxela is the pioneer developer of Nigeria’s foremost natural gas distribution network; and has subsequently grown to become the largest private sector natural gas distributor in Nigeria, delivering at peak, 70 million standard cubic feet per day (“mmscf/d”) to over 175 industrial and commercial customers via a vast network of gas infrastructure.
With over 260km in gas pipeline infrastructure built, Axxela provides unique energy solutions primarily through its subsidiaries: Gaslink Nigeria Limited (“Gaslink”), Gas Network Services Limited (“GNSL”), and Central Horizon Gas Company (“CHGC”).
