oando is nigeria 's largest independent conglomerate in the energy industry , including petroleum products marketing , supply & trading , exploration and production , and gas distribution , and the first nigerian company to achieve a dual listing on both the nigerian and johannesburg stock exchanges .

oando is nigeria 's largest indigenous oil company with a production output of 54,000 boepd and a market capitalisation of $ 894 million .

oando

over the years , oando plc has made a significant impact in the oil and gas industry especially in the downstream sector and has grown from one entity to seven that are now leaders in their different markets namely oando marketing , oando supply and trading , oando gas and power , oando energy services , oando exploration and production and oando terminalling .
mr . boyo is the deputy group chief executive officer of the oando group . prior to this , mr . boyo doubled as the executive director , oando marketing limited and ceo of oando supply and trading limited .
oer concludes arrangement with oando plc for oando plc to acquire oer minority shares for a consideration of us $ 1 . 20 per share in cash
in 2016 , oando plc completes strategic us $ 115 . 8 million gas and power agreement with helios . oando plc completes sale of akute ipp .
in july 2012 , oando completed a reverse takeover ( “rto” ) involving the former exile resources inc . to become oando energy resources inc . ( “oer” ) . the rto was preceded by the restructuring of oando’s shareholding in certain entities in the upstream exploration and production division of oando and transferring same to exile resources inc .
glassdoor gives you an inside look at what it ' s like to work at oando , including salaries , reviews , office photos , and more . this is the oando company profile . all content is posted anonymously by employees working at oando .
oando cooking gas is a very good product , i will use dis medium to tell all of u out there that oando is good . . . . . t
- oando energy resources inc . ( “ oer ” or the “ company ” )
. . oh did i mention safety among others is taken seriously here at oando .
oando plc announces q1 2016 results , posts n4 . 1bn profit - after - tax
i applied in - person . the process took 1 day . i interviewed at oando .
oando plc is africa’s leading indigenous energy company operating in the upstream , midstream and downstream .
oando plc is a nigeria - based company that has strategic investments in energy companies across west africa . oando plc operates through subsidiaries , including oando marketing limited , engaged in the marketing of petroleum products , manufacturing and blending of lubricants ; gaslink nigeria limited , east horizon gas company , oando gas and power limited , akute power limited and central horizon gas company limited , engagaed in the distribution of natural gas for industrial customers ; oando supply and trading and oando trading , both engaged in the supply and distribution of petroleum products ; oando energy services , a provider of energy services , as well as oando exploration and production limited , active in the fields of exploration and production . in september 2012 , it acquired exile resources incorporated .
calgary , alberta , april 29 , 2016 - oando energy resources inc . ( “oer” or the “company” ) ( tsx : oer ) announces that the outside date under oer’s previously announced proposed plan of arrangement ( the “arrangement” ) with oando plc and oando e & p holdings limited
either bonus where others has declared their own . pls if oando is having problem could someone assist to inform me ? it given me headache everyday when i check the market update . it is only oando that is dropping . i wrote this so oando should encourage us ( investors
on monday , oando plc ( oando : lag ) closed at 6 . 40 , 16 . 36 % above the 52 week low of 5 . 50 set on sep 19 , 2017 .
in september 2016 , oando announced the execution of a definitive agreement with a vehicle owned by funds advised by helios investment partners llp ( “helios” ) , a premier africa - focused private investment firm , to acquire 49 % of the voting rights in oando’s midstream business subsidiary , oando gas and power limited .
as a result of this and further to the announcement on june 30 , 2015 , a new company will be formed to hold interests in oando marketing limited , oando supply & trading limited , apapa spm limited , and oando trippmart limited . oando plc will retain 49 % shareholding in the newly formed corporate vehicle , with the consortium owning 49 % , and the residual 2 % owned by a local entity .
oando plc is organized functionally into a number of operating divisions . these divisions are grouped into three categories :
shareholders requested a quick resolution to the issues with the petitioners to enable oando’ management focus on building the brand .
oando said it had received a
no objection
approval from the sec for this increase in issued shares .
speculation in nigerian media was that the complaint related either to misrepresentations in oando’s financial statements or to the price oando paid for the assets . it bought the conoco - phillips assets when a barrel of brent crude oil cost more than $ 100 .
oando is organised in three operating divisions : upstream , midstream and downstream . the upstream division is known as oando energy resources ( oer ) . oer is the largest local provider of rig services and the top nigerian exploration and production company . the midstream division is called oando gas & power ( og & p ; ) . og & p ; is responsible for building the biggest gas pipeline grid in sub - saharan africa , and for developing independent power stations including akute power , gaslink nigeria , alausa power and gas network services . the downstream division of oando consists of oando marketing plc ( omp ) , oando supply & trading ( ost ) and oando terminaling and logitstics ( otl ) . omp is the leading oil retail company in nigeria , ost is the biggest private and independent oil trading company in africa and otl is responsible for developing the infrastructure required by the downstream division .
headquartered in lagos , nigeria , oando is a leading independent african exploration and production company . the company’s service portfolio includes exploration , production and marketing of petroleum products and distribution of gas . oando is the first company in nigeria to achieve being listed on both the south african and nigerian stock exchanges . through its upstream division oando energy resources ( oer ) , the company has an additional listing on the toronto stock exchange . oando owns more than 600 petrol stations throughout nigeria and employs around 1 , 000 employees
ly not impressed with the rate at which oando is dropping or falling in at the stock exchange market . should i be regretting
also , another representative of ansbury , mr . mike epelle , referred the task force to the ansbury’s letter of august 17 , 2017 and explained that the controllers of whitmore ( another major institutional investor in oando plc ) , who are the same persons in control of oando plc , have frustrated every effort to constitute the board of oodp nigeria , the majority shareholder of oando plc .
oando plc , the integrated energy solutions provider with operations across west africa , today announced unaudited results for the nine months ended 30 september 2008 . oando has a primary listing on the nigerian stock exchange and a secondary listing on the jse limited ( jse ) .
channels tv , a nigerian broadcaster , reported on friday that some of the foreign investors in oando had filed a petition with the sec relating to oando’s shareholding structure after it paid $ 1 . 65bn to buy the nigerian oil assets of conocophillips in july 2014 .
“•ansbury ( indirect foreign investors in oando plc ) should write a letter to oando plc in response to the notice of meeting ( agm ) stating that there is no valid representation for oodp nigeria ( core investors in oando plc ) ; •ansbury should file an action in court for an order postponing the agm or in the alternative , for an order of injunction restraining oando plc from entertaining any representation from oodp nigeria during the agm ; and •ansbury should prepare a detailed written submission stating grounds upon which sec should postpone the agm . ”
in 2005 , oando energy services was incorporated as an integrated oilfield services company to achieve the group’s objectives in the upstream services industry .
the listing of the conversion shares increased oando’s outstanding paid up shares from 12 . 034 billion ordinary shares to 12 . 431 billion ordinary shares . oando’s market capitalisation however increased slightly from pre - conversion value of n99 . 082 billion to n99 . 451 billion after oando’s share price dropped by 15 kobo or 1 . 84 per cent from opening value of n8 . 15 to close yesterday at n8 per share .
oando lekki refinery limited though yet to receive a refining licence , the oando group plans to construct a greenfield refinery in the lekki free trade zone with an optimal capacity size of 360 , 000 barrels per day ( 81per cent of the current total nameplate capacity of the countries four refineries .
in 2014 , oando energy resources (
oer
) listed on the tsx an affiliate company of oando plc entered into agreements with conocophillips (
cop
) to acquire its entire business interests in nigeria for a total cash consideration of ~ $ 1 . 5 billion . [ 6 ]
in 2014 , oando divested the 128 km eastern horizon gas company ( ehgc ) franchise in a $ 250 million transaction with seven energy . [ 5 ]
at the end of 2014 , oando had 9 . 1 - billion issued shares , about 2 - billion more than at the start of the year .
group chief executive officer , oando plc , mr . wale tinubu , said that oando’s strategy of growth across its business operations ; deleverage through the divestment of non - performing assets ; and profitability , by focusing on dollar denominated export earnings , has continue to steady the group against global and national economic headwinds .
in july 2016 , oando entered into a tri - partite agreement with the vitol group , the world’s largest independent trader of energy commodities and helios investment partner , a premier africa - focused private investment firm to form ovh ( formerly oando downstream ) the nation ' s leading supplier and distributor of refined petroleum products .
the group chief executive officer of oando plc , mr . wale tinubu has unveiled various strategies expected to boost the company’s future performance and deliver returns to investors . oando had a rough patch , recording losses in 2014 and 2015 . however , it bounced back into profitability for the year ended december 31 , 2016 .
nigerian integrated energy solutions provider , oando plc , is under investigation by the nigerian securities and exchange commission ( sec ) over alleged malpractices in its financial statements .
oando had doubled its turnover in the first quarter of this year as the indigenous energy group continued to reap from its strategic focus on assets optimization and deleverage .
oando’s board of directors serve as the prudent fiduciary for shareholders and is responsible for proper management of the company . the board is made up of twelve ( 12 ) individuals from diverse academic and professional backgrounds of which four ( 4 ) are independent non - executive directors . the current directors of oando plc are as follows :
at the end of 2014 oando’s main shareholder , ocean and oil development partners , held 55 . 1 % . ocean and oil is 60 % - owned by delanson services , trustee for the family of businessman gabriele volpi , and 40 % by liberation management , trustee for the family of oando’s ceo , jubril adewale tinubu .
in 2014 , it concluded the acquisition of conocophillips’ nigerian business through its upstream subsidiary , oando energy resources , making it the country’s largest indigenous oil and gas producer .
to contact oando plc , please visit . company data is provided by s & p ; global market intelligence . please use this form to report any data issues .
oando aims to continue growing reserves through harnessing existing resources while delivering sustainable value to stakeholders . through significant investments in local and offshore assets , oando’s vision is to remain a cutting edge gas and oil company with world - class operations . the company has a firm stance on nurturing talented young people with an exposure and training initiative geared for accelerated learning . oando is committed to social and economic development of local communities in which the company operates . strong focus is placed of job creation and increasing local capacity .
the operations and activities of the oando group are in accordance with ethically acceptable and corporate governance best practices , as well as laws and regulations in the jurisdictions where we operate .
in june 2015 , oando entered into an agreement with hv investments ii b . v . , (
hvi
) , a joint venture owned by a fund advised by helios investment partners (
helios
) and the vitol group (
vitol
) , for a cash investment of us $ 461 million in oando’s downstream business . [ 7 ]
in 2008 , oando developed a “ business partner non solicitation policy ” which all our business partners are required to execute . the key element of this measure is to ensure that our business partners also subscribe to the same high standards of integrity . the non - solicitation policy is a declaration that a business partner will not offer bribes to employees of oando plc .
mr . silvano bellinato , representing ansbury had told the task force that ansbury is not a direct shareholder of oando plc and stated that the company was requested to attend the meeting following the last letter of ansbury , dated august 17 , 2017 sent to the sec , seeking the assistance of the commission for the postponing of the oando agm as per the evidences provided .
epelle informed the task force that intervention of sec is necessary as the primary regulator to protect the interests of all shareholders and investing public in general . part of the reasons for the foreign investors’ agitation against the proposed agm , vanguard learnt , was that ansbury is alleging that wale tinubu , the chief executive officer ( ceo ) of oando plc , is trying to prevent the main shareholder of oando , indirectly ansbury , from taking any decision in oando plc , because ansbury is planning to remove him ( tinubu ) from the position of ceo of the company .
speaking at the agm held in uyo , akwa ibom state , mr adeleke oladimeji , a shareholder of oando plc expressed concern on how media reports are gradually eroding shareholders’ investment in the company .
oando is nigeria ' s largest indigenous oil and gas company with a production output of 43 , 000 boepd , enterprise value of n520 billion and market capitalisation value of n115 . 1 billion .
on december 20 , 2012 , oando announced that its subsidiary oando energy resources entered into agreements with conocophillips to acquire its entire business interests in nigeria for a total cash consideration of us $ 1 . 79bn plus customary adjustments . the deal is stated to be finalized around march 2013 . this is part of the company’s strategic move to enter into the high profit margin upstream oil industry in nigeria .
shares in oando , the nigeria - based oil and gas company , fell more than 9 % in lagos after a tv report that it was being investigated by the nigerian securities and exchange commission .
the ethics and compliance program strives to promote ethical conduct in all business dealings , train employees on ethical standards . the program is part of the effort to mitigate risks and address our core values . the oando code of conduct and ethics principally guide the business activities of the group and is applicable to all directors , managers , employees and all third parties who work for and on behalf of oando .
oando energy resources has a portfolio of oil and gas assets in nigeria and sao tome & principe . we hold interests in 14 licences for exploration , development , and production of oil and gas concessions .
the ceos of each operating entity have agreed their respective long term strategies following a major review in 2013 . our upstream operations , oando energy resources ( oer ) who operate our exploration and production ( e & p ; ) business , and oando energy services ( oes ) who operate the largest swamp drilling rig fleet in the niger delta , have focused their strategies on their people , their partnerships and new technology .
mr . tinubu is the group chief executive officer of oando plc , a position he assumed after a successful stint as the executive director , finance and administration of the company from july 2000 to june 2001 .
the share price of oando plc surged to a two - year high last week , rising by 20 . 2 per cent as investors reacted to positive developments in the company and the successful completion earlier strategic initiatives .
in that direction , oando has taken the bull by the horn by establishing two registered two refineries as subsidiaries – oando port - harcourt refinery limited and oando lekki refinery limited . oando port harcourt refinery limited was incorporated as part of efforts by the oando group to partake in the 2005 privatisation bid rounds of the federal government owned port harcourt refinery . in line with its privatisation agenda , initiated in 2002 , the obasanjo - led administration had called for bids from prospective investors to buy a 51 per cent stake in the port - harcourt and kaduna refineries . while the kaduna refinery had a nameplate capacity of 110 , 000 barrels per day , the two refineries which make up the port harcourt refinery had capacities totaling 210 , 000 barrels per day . the group’s bid for the port - harcourt refinery was entered in conjunction with oil giant , shell petroleum development company ( spdc ) . however , its bid efforts were unsuccessful , as the refinery was sold to bluestar oil services consortium limited for an estimated $ 561 million , though the sale agreement was later cancelled and monies returned to the bid winner .
oando said it considered the complaint to be
unsubstantiated , misleading and defamatory
. however , it did not respond to questions from business day on why it had not released a stock exchange announcement about the sec investigation .
abuja , march 6 nigerian oil company oando has dropped its lawsuit against the domestic securities and exchange commission ( sec ) , paving the way for a forensic audit of the firm , the regulator said in a statement on tuesday .
commenting on the transaction , oando plc’s group chief executive , wale tinubu , said : “despite global economic headwinds , we have taken the proactive approach to establish a strategic partnership which will leverage oando’s sector dominance , considerable local knowledge and expertise ; together with hvi’s international , and technical capabilities . this partnership will reinvigorate nigeria’s downstream sector and create one of africa’s largest downstream operations . we are extremely confident in the success and potential returns this alliance will deliver . ”
oando , a $ 250 million ( market cap ) energy conglomerate with assets in the downstream , midstream and upstream sectors , is one of nigeria’s largest independent oil companies and is listed on both the nigeria and south africa stock exchanges .
oando now sells and distributes one in every five litres of petroleum in nigeria via over 500 retail outlets , and has operations across west africa – ghana , togo , and the republic of benin . in a bid to improve the overall efficiency of the industry and to lower product cost for the consumer , oando is poised to construct the largest products terminal in sub - saharan africa in the lekki free zone and an offshore sub - marine pipeline delivery system in apapa .
later in the same year , the company acquired agip petroli’s 60 per cent stake of agip nigeria plc , through an international bid . the company was subsequently rebranded oando plc in december 2003 , a name which it holds till date .
oando’s business is organized into six divisions operating in the downstream , mid - stream and upstream industries . the divisions are marketing , supply & trading , terminal & logistics , gas & power , energy services , and exploration & production .
oando provided maximum opportunities for career growth and development . it is a management by objective work environment , where employees are recognised and rewarded for excellent perfomance . the culture of excellence is predominant , with employees wanting to out perform themselves . -
people listen to ceo of oando jubril tinubu ' s speech during the second day of the world economic forum meeting on africa , at the cape town international convention centre on may 9 , 2013 , in cape town . afp photo / rodger bosch
mr . boyo has a bachelor ' s degree in law from kings college , university of london , england ( 1989 ) . he is also a member of the nigerian bar association . he serves on the board of several companies which include gaslink nigeria ltd , oando togo , oando ghana , west african refinery company , ( warco ) sierra leone , stallion properties , ocean and oil services , indunmines ltd , quantum voice systems ltd , i2i nigeria ltd . and lagos preparatory school ltd .
already , the nnpc has pledged its support for the establishment of the proposed greenfield refinery in lekki , lagos and also praised the efforts of other industry players like oando plc , for its commitment to establishing refineries in nigeria to boost local refining capacity .
in arriving at a fair value for the ordinary shares of oando plc post rights issue , we used the forecast of the company as contained in the rights circular . we considered the following factors in arriving at the forecasts we used for the valuation :
oando plc . is a nigeria - based integrated energy solutions provider . the company operates through four segments : exploration and production ( e & p ) , supply and trading , gas and power , and corporate and others . the e & p segment is
other moves by ansbury , vanguard learnt , also include removal of all the components of the board of directors , reject any proposal concerning the remuneration of the ceo and the directors of oando plc , and eventually reject the approval of the annual report 2016 .
directors’ induction program : newly appointed members of the board are educated on the provisions of the group’s code of business conduct & ethics and other related policies as part of the induction program . the programme also includes on - site visits to some of oando’s facilities . this well - rounded / intensive induction process helps the directors understand the diverse nature of the businesses , the ethical values to which oando subscribes and the culture of the organization ; thereby enabling them to discharge their duties to all stakeholders effectively and efficiently .
first registrars nigeria limited , one of the leading registrars and transfer agents in nigeria , render registrar services to oando plc . they are responsible the issuance of share certificates , dividend warrants , maintenance of the share register and other related services to our shareholders .
according to the notes to the group’s 2014 annual report , oando converted $ 929m of debt , part of which was incurred to fund the purchase of the conocophillips assets , into 650 . 8 - million common shares and 325 . 4 - million warrants .
on the 9th of december of every year , oando joins the rest of the world to commemorate the “international anti - corruption day” in a bid to further entrench the ideals of good corporate governance and international best practice as an essential part of the company’s culture .
( lagos , nigeria ) – oando plc ( “oando” or the “group” ) , nigeria’s leading indigenous energy group , listed on both the nigerian and johannesburg stock exchange , has announced a $ 210 million recapitalization of its downstream operations by hv investments ii b . v . , ( “hvi” ) , a joint venture owned by helios investment partners ( “helios” ) , a premier africa - focused private investment firm and the vitol group ( “vitol” ) , the world’s largest independent trader of energy commodities ( together , the “consortium” ) .
oando is currently in the capital market to raise the sum of n54 . 58bn via a rights issue . the rights issue is on the basis of 2 new ordinary shares for every 1 ordinary share held as at the close of business on october 19 , 2012 . the rights issue is a critical step for oando towards the execution of its strategic expansion plans ; optimising its balance sheet and improving its leverage position . the net issue proceeds , estimated at n52 . 9bn after deducting the total cost of the issue , will be applied as follows :
oando plc is one of africa’s largest integrated energy solutions provider with a proud heritage . it has a primary listing on the nigeria stock exchange and a secondary listing on the johannesburg stock exchange . with shared values of teamwork , respect , integrity , passion and professionalism ( tripp )
at oando , we are guided by various corporate governance codes such as the securities and exchange commission’s code of corporate governance for public companies 2013 ( nigeria ) , the king iii code of corporate governance ( south africa ) and by integration , other acceptable corporate governance best practices .
oando has in the meantime released a press statement calling the petitions unsubstantiated , misleading and defamatory , and has said the company is fully co - operating with the sec in the discharge of its duties by providing all appropriate clarifications and rebuttals on the matters raised in the said correspondence .
“furthermore the petitions have been filed by ansbury inc ( “ansbury” ) : this petitioner is not a shareholder of the company , but a shareholder in a company domiciled in a jurisdiction outside nigeria which in turn holds shares in a nigerian investment company that is a shareholder in oando . ”
applying a relative valuation method to derive the value of ordinary shares of oando , we arrived at a fair value of n19 . 12 per share . the current market value of oando share is n14 . 40 while the rights issue price is n12 . 00 . this means that the rights were offered to shareholders at a discount to the market price while the market price is also trading at a discount to our fair value . on the basis of this , we recommend that existing shareholders take up their rights or trade it on the floors of the nse and jse .
the internal audit unit is an independent , objective assurance and consulting department designed to add value and improve oando’s operations . the department helps oando businesses accomplish their objectives by bringing a systematic , disciplined approach to evaluating and improving the effectiveness of risk management , control and governance processes . the department evaluates the adequacy , appropriateness , effectiveness and integrity of internal controls over financial reporting and business operations and proffer recommendations where weaknesses are noted . the internal audit performs a wide range of audit services including financial audits , compliance audits , operational audits , information technology audits , and investigations .
review of results oando ceo , adewale tinubu said , “we are pleased to announce today yet another strong performance , with gross profit of $ 138 . 63million , up 63 % over the same period in 2007 . this performance , anchored by superior and operating efficiency was largely driven by our supply and trading , marketing and increasingly , gas and power businesses . this reflects the diversity and strength of oando business model along the energy value chain . we are inspired by these results and confident that this positive trend will continue , leading to a robust year end performance . ”
oando’s participation in the fight against corruption extends beyond the confines of our business operations . the company is actively involved in the global fight against corruption and the promotion of good corporate sustainability principles through its membership in a number of local and global anti - corruption organisations . these organizations include :
oando plc has just released its full year trading result to the floor of the nigerian stock exchange . the company , which has 905 , 084 , 628 units of shares outstanding , declared a turnover of n 336 . 859 billion and a profit after tax of n 10 . 096 billion .
oando plc yesterday concluded a debt - to - equity conversion with the listing of about 396 . 8 million ordinary shares that resulted from the transaction at the nigerian stock exchange ( nse ) . the transaction was valued at n3 . 17 billion at the closing value of the integrated energy group .
in 2013 , oando plc succeeded in raising over n55 . 2 billion from the capital markets as its rights issue recorded 101 per cent subscription . the company issued 4 . 548 billion shares to existing shareholders at n12 per share between december 2012 and february 2013 with the intention of raising n54 . 6 billion . oando gas and power commissioned 10 . 4 mw alausa independent power plant to provide electricity to the lagos state secretariat complex . following the decommissioning of oes professionalism in 2013 , oes currently has a fleet of 4 rigs ; oes teamwork , oes respect , oes integrity and oes passion . [ 4 ]
oando gas and power is the largest private sector gas distributor and developer of captive power solutions in nigeria and handle our midstream operations . ogp aims to fund sustainable business growth in a manner that maintains value , minimizes costs and risks , creates successful stakeholder relationships and provides exciting growth and development opportunities for employees .
according to a report by nigerian newspaper , punch , the investigation was triggered by series of petitions filed by some foreign investors in relation to some changes in the shareholding structure of the company following a 2014 deal in which oando paid $ 1 . 65 billion for the acquisition of oil producing assets owned by conocophillips .
shareholders of oando plc can specify the manner through which they want to receive the annual reports and other statutory reports of the company . shareholders who wish to receive correspondences from the company in an electronic format may complete the electronic delivery mandate form and return same to the company secretary or first registrars nigeria limited for processing .
in 2012 , oando exploration and production limited (
oepl
) signed a farm - in agreement with network exploration & production nigeria limited (
nepn
) for the acquisition of 40 % participating interest in the qua iboe field ( oml 13 ) subject to the consent of the minister of petroleum . [ 3 ]
the new company will be renamed ovh energy ( “ovh” ) to reflect its ownership structure and the commitment of its new shareholders . ovh will be led by a local management team , tasked with building the business , safely and efficiently . under the new business structure , the initial board will consist of mr . wale tinubu , group chief executive of oando plc . , as the chairman , mr . christian chammas , ceo of vivo energy , operating 1600 service stations across 16 african countries and other vitol and helios representatives . the current ceo , mr . yomi awobokun , will continue in his role . the service stations will retain the oando brand .
in 2002 , ocean and oil led unipetrol ' s bid for a 60 % stake of agip nigeria plc , a rival petroleum marketing firm , owned by agip petroli bv , an italian - based oil company . the merged company was named oando plc in 2003 , making the company the largest downstream petroleum marketing company in nigeria .
oando plc is one of africa’s largest integrated energy solutions providers with a proud heritage . it has a primary listing on the nigerian stock exchange and a secondary listing on the johannesburg stock exchange . it all started in 1956 when esso commenced business operations in nigeria as a petroluem marketing company . 1976 saw the government of nigeria buying esso and renaming it unipetrol . by 1991 unipetrol went public with 60 % of the shares going to investors . 1994 saw ocean and oil holdings being founded to supply and trade petroluem products in nigeria and worldwide . in 2002 , ocean and oil holdings acquired 60 % shares of agip nigeria plc and by 2003 unipetrol nigeria plc merged with agip nigeria plc to give birth to oando .
in a response to the petitions and allegations of the foreign investors the management of oando plc had stated : “the company’s position remains that these petitions have no merit as the issues raised have received board , shareholder and where required , sec approval . other matters highlighted by the petitioners could have been directed to the company and would have received the necessary clarification . ”
he also noted that oando acquired a n108 billion medium - term - loan with 11 nigerian banks ; this medium term five - year consolidated facility , with a three - year moratorium on principal , enabled the overall restructure of the group’s obligations , which has reduced its borrowings significantly by 29 per cent to n225 . 9 billion in the first quarter of 2017 from n355 . 4 billion .
oando plc . is a nigeria - based integrated energy solutions provider . the company operates through four segments : exploration and production ( e & p ; ) , supply and trading , gas and power , and corporate and others . the e & p ; segment is involved in the exploration for and production of oil and gas through the acquisition of rights in oil . . . ( more )
oando was originally founded in 1956 as esso africa by exxon , an american corporation . in the late 1970s the government of nigeria bought majority shares in the company and it was rebranded as unipetrol nigeria . in the early 1990s the company was publically listed and later that year 60 % shares were sold to citizens of nigeria . by 2001 unipetrol had acquired 51 % shares in gaslink nigeria , a company responsible for over 150km of gas pipelines . between 2000 and 2001 ocean and oil , a private investment firm co - founded by benedict peters in 1990 , acquired 42 % of unipetrol . the following year ocean and oil led the acquisition of a 60 % stake in agip nigeria , a rival company . in 2003 the company was renamed to oando plc and became known as the largest nigerian downstream petroleum company .
our downstream operations consist of our terminals and logistics business and the retailing of our refined petroleum products . oando marketing plc ( omp ) manages this aspect of our business with a distribution network of over 470 retail service stations . the omp strategy is to become a retail company that delivers a good return on investment in the smartest possible way , using sustainable means and technology and relying on the best people .
in supporting the company’s fight against corruption and unethical practices , the company established a framework through which errant business partners may be suspended or blacklisted for failure to comply with oando policies and procedures and the code of business conduct and ethics . the policy covers the adherence by business partners to contractual terms , safety , standards of ethics , financial propriety and human rights in the provision of goods and / or services .
explaining some of past initiatives , tinubu noted that the company deleveraged its balance sheet through the divestment of its upstream services company oando energy services and embarked on the expansion of its retail and gas footprint through a strategic partnership with helios investment partners and vitol group to recapitalise its downstream business for $ 210million and the $ 115 . 8 equity buy - in of its gas and power business by helios investment partners .
the securities and exchange commission , sec , has moved in to douse tension ahead of the 40th annual general meeting ( agm ) of oando plc scheduled for next week monday in uyo , akwa ibom state . ansbury , the indirect foreign investors in the major oil company , had sent another petition to the commission , seeking to suspend the agm over what they see as failure of corporate governance in the major oil company .
smart objectives have been developed by senior management to push forward these strategies . we have already begun to make progress and we have identified areas of investment that will allow us to adapt , improve and ultimately achieve our ambition to become the trusted investment , employer and partner of choice . we remain committed to our social responsibilities with our continued support of the oando foundation with funding and donations in kind from our corporate businesses .
oando is committed to doing business with only reputable , honest and qualified businesses . the company and its employees exercise due care and take reasonable steps and precautions , geared towards evaluating the anti - corruption and bribery risks of engaging with prospective business partners . in an increasingly complex global business environment , it is crucial for us as a company to know exactly who our business partners are and the reputational risks when dealing with them .
oando became the 21st member to sign unto the convention on november 16 , 2009 . following the recent business integrity failure and regulatory lapses in nigeria , the cbi began to focus on the promotion of a collaborative approach of promoting public - private sector partnership by hosting roundtable discussions with select groups of leaders of key government regulatory bodies and members of the business community to identify and implement sustainable models for corporate control against corrupt practices in nigeria .
in the downstream and trading business , tinubu said that oando is currently diversifying markets and deepening relationships with refineries in order to increase west - africa presence . “in 2018 , the company will expand operations across africa , specifically to southern african development community ( sadc ) and east africa community ( eac ) while 2019 to 2020 will see the company focus of assets acquisitions to drive forward expansion into other major african markets , ” he stresses . .
vanguard learnt that sec has already set up an 11 - man task force to look into the matter and report back for it to take action before the agm date . in the interim report of the first meeting of the task force which vanguard sighted , titled , ‘serious concern to corporate governance existence , gross abuse of corporate governance and financial mismanagement in oando plc’ , the task force outlined three possible ways forward for the corporate dispute as follows :
after completing his academic education , benedict peters launched his career . he held various senior roles in banking , commodity trading and the nigerian oil and gas industry . in the early 1990s he became the co - founder of ocean and oil limited , known today as oando , a petroleum exploration and trading company . in 1994 peters joined mrs as managing director . mrs is a major downstream petroleum firm and the owner of all chevron / texaco petrol stations throughout west africa .
disclosing some of other initiatives to the capital market community , tinubu said in the midstream business ( power and gas ) of the company , the current initiative is to grow aggregate gas pipeline utilisation portfolio to an average of 70mmscfd , commence operation of gas trading platform , design and commence implementation of appropriate financing plan for oando gas & power ( ogp ) . he added in 2018 , the company would grow aggregate gas pipeline utilisation portfolio to an average of 100mmscf / day .
nue for the conference attendees to learn more about oando’s businesses and operations . we also got the opportunity to speak on two panel sessions where we led conversations around “investing in the future of nigeria for sustained economic development & growth” and “the independent producers’ role in the future of upstream production” . it was also our pleasure to host the networking lunch event on the second day of the event where key industry stakeholders were able to build and rekindle relationships as well as share key ideas .
recently the media has been agog with the news of oando plc and two petitioners alleging gross abuse of corporate governance and financial mismanagement . the petitioners , alhaji dahiru managal and ansburyinc , further requested a postponement of the company’s 40th agm pending the close of the securities exchange commission’s ( sec ) investigation . however on conclusion of its initial finding , the sec saw no material evidence that would warrant a postponement of the agm , further reiterating the company’s position that the petitions lacked merit .
as the largest integrated energy solutions group in sub - saharan africa it is our responsibility to develop a business model that protects our future and sustains our economic , social and environmental viability . we need to continue to deliver returns to our investors , provide employment opportunities and partner with stakeholders and others that share our vision in mutually beneficial relationships . these factors are critical to our business . at oando , sustainability is not incidental to the way we do business , it is fundamental to it .
mr . boyo started his career with chief rotimi williams ' chambers , a leading nigerian law firm , where he specialized in shipping and oil services and worked on several joint venture transactions between the nnpc and major international oil companies . he was also a member of the team that represented the refineries in the nnpc judicial enquiry . he joined the ocean and oil group in 1994 , where he developed and managed the operations department before his appointment in july 2001 as executive director , oando plc .
in 2007 , oando energy services acquired two oil drilling rigs in nigeria’s niger delta . in 2008 , the company emerged nigeria’s first indigenous oil company with interests in producing deep water assets through the acquisition of equity in two oil blocks . by 2009 , the company had acquired 5 swamp rigs and in 2010 , the company launched its first independent power plant for the lagos water corporation . the project involved the construction of a 12 . 5mw power plant to provide uninterrupted power supply to the lagos water corporation .
grmc is a management committee established pursuant to the enterprise risk management strategy of oando plc . the committee is mandated to develop policies and procedures for identifying , measuring and controlling risks identified in the group’s risk universe . the committee provides assurance to the board and the risk environment healthsecurity safety and quality committee on the adequacy of the group’s risk management systems as implemented and evaluate the group’s risk profile , the action plans in place to manage high risks , and the progress against plans to achieve the group’s risk strategy .
the company has grown significantly over the last ten years since the 2003 merger of unipetrol nigeria plc and agip nigeria plc to form oando . we considered it appropriate to conduct a major review of our businesses and strategic direction in 2013 . our long term perspective is transformational . our ambitions involve the autonomous and self - sustaining ability of our six primary divisions . discussions with respective chief executive officers ( ceos ) for each operating entity and senior management within the group were held to agree on the future direction of the company .
oando energy resources is a leading african exploration and production company . an independent oil and gas company with world - class operations , we are at the cutting edge of africa’s upstream sector , with significant investments in a robust portfolio of oil and gas fields , as well as participating interests in onshore and offshore producing assets . our extensive asset base covers exploration , development , and production assets for both oil and gas , situated on and offshore in nigeria , and the exclusive economic zone ( eez ) of são tomé and príncipe .
balance sheet analysis . oando increased total assets by 119 % from $ 950m to $ 2 . 01bn in september 2008 while total liabilities grew by the same margin all driven mainly by the increased level of business activities . strategic acquisitions in the upstream sector have led to significant increases in our fixed asset balances , especially in the energy services and exploration & production businesses . this translated to the 30 % growth in total assets . the company intends to continue its drive towards building a sustainable business profile anchored on upstream business operations and gas distribution .
prospects for the future the upstream and midstream operations will be the main drivers of oando’s growth in the medium to long term . the marketing division is expected to sustain its current leadership role in supply management and on - time delivery of petroleum products to all our outlets . the company recently signed an agreement with a major fast moving consumer goods player thus boosting its non - fuel revenue potential . efficient management of its working capital ; effective supply chain management and trade receivable balances will ensure the company continues to show year on year growth in profitability .
oando’s earliest roots can be traced to the formation of esso africa in 1956 . esso africa was a petroleum marketing company , a subsidiary of the exxon corporation of usa . in 1976 , the nigerian government purchased a controlling stake in the company and rebranded the company as unipetrol nigeria . on 1 march 1991 , unipetrol became a public limited company . later on in the same year , the nigerian government sold 60 % equity to the nigerian public in an initial public offering . by february 1992 , unipetrol was listed on the nigerian stock exchange . [ 1 ]
from a medium - sized oil and gas company , with its focus primarily on the downstream oil segment , oando plc has metamorphosed into a full - scale energy conglomerate , with operating divisions which cut across the entire energy service or value chain . formerly unipetrol plc , the company has a primary listing in the petroleum marketing sector of the nigerian stock exchange and obtained a secondary listing on the johannesburg stock exchange ( jse ) , south africa in november 2005 , after meeting the requisite conditions for a cross - border inward listing set by the country’s exchange authorities .
at oando , we select our vendors on merit , competence , pricing , timely delivery through a competitive bidding process . the procurement department identifies suitable and qualified vendors who have the capability to provide the required services or solutions to meet the user department’s requirement at the most competitive price . only valid vendors with track records of performance are selected and registered for business dealings . the performance of vendors is monitored to determine if the business relationship should be continued or discontinued . non – performing vendors are blacklisted and deactivated from the oracle and unqualified vendors are not registered .
oando became a signatory to the global compact in july 2009 and has been an active participant in the local network of the global compact in nigeria . the company is also a pioneer member of the global compact lead platform ; a corporate sustainability leadership forum that provides the opportunity to implement the blueprint for corporate sustainability leadership ( developed in close consultation with a large number of corporate participants and stakeholders and widely endorsed by business , governments , and civil society at the leader’s summit in new york in june 2010 ) , and share related outcomes and learnings with the broader universe of companies .
in 2011 , oando gas and power commissioned 128 km ehgc pipeline , the pipeline was built under a joint venture arrangement with the nigerian gas company ( ngc ) , a subsidiary of the nigerian national petroleum corporation ( nnpc ) ] . the gas infrastructure has the capacity to deliver up to 100 million standard cubic feet per day ( mmscf / d ) of natural gas and will deliver an initial 22mmscf / d of gas to its maiden customer , united cement company ( unicem ) , to fuel its new 2 . 5million metric tonnes per annum cement plant , located in mfamosing , akampka local government area of cross river state .
key extracts of the three - month report for the period ended march 31 , 2017 showed that oando group grew its top - line by 116 per cent to n138 . 27 billion in first quarter 2017 compared with n63 . 9 billion recorded in comparable period of 2016 . gross profit also increased by 53 per cent from n8 . 7 billion in first quarter 2016 to n13 . 4 billion in first quarter 2017 . the company recovered from a pre - tax loss of n461 million in first quarter 2016 with a pre - tax profit of n494 million in 2017 . the company also reduced its net indebtedness by 29 per cent from n316 . 6 billion in first quarter 2016 to n225 . 9 billion in first quarter 2017 .


behringer is a multinational group of companies , with direct marketing presence in 10 countries or territories and a sales network in over 130 countries around the world .

the company is owned by music group , a holding company chaired by uli behringer , which also owns other audio companies such as midas , klark teknik and bugera , as well as electronic manufacturing services company eurotec .

in june 2012 , music group also acquired turbosound company , which designs and manufactures professional loudspeaker systems and was formerly owned by harman .

behringer

behringer takes 3 top awards . we are . . . - behringer academy | facebook
view a complete list of dr . behringer ' s publications . follow dr . behringer on twitter : @ rrbehringer
while behringer can legally clone curtis’s circuit designs , mary curtis’s message highlights that behringer ‘knockoffs’ impact the viability of ‘authentic’ reissues .
“while behringer can legally clone curtis’s circuit designs , mary curtis’s message highlights that behringer ‘knockoffs’ impact the viability of ‘authentic’ reissues . ”
coolaudio is owned by behringer . i ' ve heard stories where they refused to sell to companies they thought might compete with behringer . neil
savvy about the circuit board ruling , roland took behringer to court in 2005 for copying the look of its boss pedals , claiming that behringer was creating brand confusion . behringer and roland settled out of court , and the look of behringer’s cheaper cloned pedals changed quickly . but the settlement didn’t stop behringer from copying the look of line 6’s pedals .
you’re also blithely ignoring that your cheap gear is only possible because behringer uses poorly paid factory chinese workers that work and live at ‘behringer city’ .
mesa ' s was also less than behringer ( . 71 ) of course that ' s comparing guitar amps to behringers entire line not just behringer amps .
alcoa , inc . , individually and as successor - in - interest to reynolds metal company , appellant v . barbara behringer and leroy behringer , appellees .
proud owner of several quality behringer products here . the road goes both ways .
well i just put an order for a moog d . well done behringer !
behringer tends to offer two defenses of the cloning . in the post linking to information about the peavey and mackie suits , behringer offers several other links to court briefs about other musical instrument companies infringing copyright . behringer’s defense there seems to be , more or less , that everyone does it , so why shouldn’t behringer .
according to uli behringer his piano teacher , impressed with his sense of perfect pitch , nicknamed him
the ear
, the inspiration for the behringer ear logo .
more recently , peavey filed an action against behringer in the southern district of mississippi , accusing behringer of infringing a patent relating to the peavey messenger portable sound system .
because ajh , . com etc plus the diy scene are so small as to be almost completely insignificant compared to behringer . even moog themselves are tiny compared to behringer .
the original behringer will be worth more and it is the one everybody will want .
there was the old studio rule . . never send audio thru a behringer product .
behringer is chinese , they purpose built a factory there to make all their products .
there isn ' t a chinese contractor making stuff for behringer , behringer factory in china is owned by them and it is the one who manufactures for other audio companies .
if audio passes through it and it says behringer , i will not use it .
patent and competition issues between peavey and behringer brand owner the music group ( uli behringer pictured ) look set to be keeping m’learned friends very busy over the next few months .
7 . in this case , the duty to mr . behringer , if any , would necessarily arise from and be dependent on the duty , if any , to mrs . behringer . because we conclude alcoa did not owe a legal duty to mrs . behringer , we necessarily conclude alcoa did not owe a derivative legal duty to mr . behringer .
…you just victims of the troll behringer campaign , and fashion victims of the moog brand .
i wouldn ' t have an issue with behringer if the minimoog was out of production .
behringer is not evil but they take us down the wrong path , ethically . . .
uli behringer producing a minimoog clone in vietnam or malaysia for $ 400 is a disgrace .
if behringer hadn ' t done it , i ' m positive someone else would have .
whistle blowing ? please . uli has his components manufactured in behringer city for a reason . i harbor no prejudice for or against behringer , but c’mon , he’s not synth - jesus .
this attitude is why i think that behringer might be wise to purchase an existing synth company .
you think behringer can win you over ? . . . . x32 that is . . .
winners of behringer - crawford’s annual two - headed calf awards announced ; reservations by feb . 28
in the gearslutz thread where founder uli behringer announced his plans to manufacture his model d clone , he offered an alternate story about the roland debacle and also provided some links to information about the mackie suit ( to a gearslutz post defending behringer ) and a lawsuit with peavey that behringer won .
yes this is just blatant behringer bashing . this article insinuates that behringer are somehow desecrating curtis’ name by stealing his legacy and using his name to sell synths ( they haven’t even made yet ) .
but then briefly informs us at the very end that behringer aren’t actually doing any of these things .
there ' s the addition of white / pink noise , too , but behringer sounds pretty thin .
in 1997 , mackie sued behringer and its us distributor samson over cloning its mixers . mackie won the suit that year , but in 1999 a judge ruled that even though behringer’s circuit boards were plagiarized , circuit board design is not covered by us copyright law . this basically freed behringer to clone as it wished . when mackie released its onyx line a few years later , behringer released its xenyx mixers .
i think people are annoyed with the behringer model d because of the history of behringer cloning other manufacturer ' s products down to the smallest detail . would you not be annoyed if behringer released the
rubehrcon
, a complete rubicon clone down to the panel interface , at a fraction of the cost ?
the behringer - related entities currently involved in these suits include : music group services lu sarl , a corporation currently located on mauritius ( an island off the coast of madagascar ) ; music group services us , inc . , a washington state corporation ; behringer international gmbh , a german corporation ; behringer holdings ( pte ) ltd . , a singapore company ; red chip company ltd . , a british virgin islands corporation ; behringer usa inc . , a washington state corporation ; and behringer spezielle studiotechnik gmbh , a german corporation .
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re : you think behringer can win you over ? . . . . x32 that is . . .
behringer deserves the same honest critique that every other manufacturer gets from users here . even at their prices .
for the record i won ' t be buying the behringer minimoog , i don ' t need one .
wow the demo comparison sounds pretty close . does behringer have plans to make a keyboard version of this ?
so we have a confirmed hit . despite the grumpyness of some . well done , behringer . . .
i thought you might like to see a memorial for andy marvin behringer i found on findagrave . com .
winners of behringer - crawford’s annual two - headed calf awards announced ; reservations by feb . 28 | nkytribune
i have a x32 , xr18 , ada8200 , and many other behringer products and they have served me very well . never had a problem and been a behringer user for more then 10 years . just my 2c
behringer is an audio equipment company founded by uli behringer in 1989 , in willich , germany . behringer was listed as the 14th largest manufacturer of music products in 2007 . [ 3 ] behringer is a multi - national group of companies , with direct marketing presence in 10 countries or territories and a sales network in over 130 countries around the world . though originally a german manufacturer , the company now makes its products in china .
i see a lot of people comparing this to how behringer is helping musicians by providing them what they need .
behringer and mackie : in 1997 , mackie sued not only behringer but distributor samson and retailer sam ash . mackie claimed that behringer mixers were intended as exact copies of mackie mixers – not only of external look and feel , but circuit design and individual components . in 1999 , behringer and samson claimed a decision by the us copyright office “vindicated” the company . that supposed vindication is fairly empty , however . the us copyright office didn’t say that behringer’s circuit designs were original . instead , they said that the circuit board designs weren’t covered by the us copyright office . that has more to do with peculiarities of us intellectual property law than it does a vindication of behringer .
well i just put an order for a moog d . well done behringer ! i still have a week before i can send the behringer back . i someone can ' t wait to get theirs get in touch . . .
we at behringer believe that our sole purpose is to be an academy , because learning and teaching are . . .
and has been working to release other classic designs to meet growing demand . and they take issue with behringer’s clones .
sure , behringer deserves the same honest critique that every other manufacturer gets from users here . even at their prices .
there ' s one case where behringer ' s build could be an increase in quality compared to the current version .
will admit : if behringer were to make a small easel i know i ' d buy two of ' em .
) , memorial page for andy marvin behringer ( 1 mar 1941–10 nov 1966 ) , find a grave memorial no .
whether it’s that noble mission or a cold , calculated market play , behringer is evidently proud to continue the practice .
behringer has it ' s place amount the poor and down trodden . i have 4 bcfs 3 bcrs and 2 ada8000s
anyway : buing the behringer clone will not stop your desire of owning the real thing , you will always be a looser , poor , making mr . behringer more rich , and always staiyng unsatisfaid cause you dont own the real thing .
while behringer has recently announced plans to clone everything synth - related , not everyone is enamored with the company’s cloning plans .
maybe , just maybe , behringer has done a lot more than lots of people want to see for the music industry .
you think behringer can win you over ? . . . . x32 that is . . . - page 2 - urltoken
urltoken » forums » keyboard magazine forums » the keyboard corner » behringer coming out with an analog synth . . ? ?
update : the sales rep at sweetwater says the expected delivery date for the behringer model d is the beginning of october .
behringer awards just keep coming , with pro sound web and live sound international announcing the new behringer x32 compact digital mixing console and p16 - m 16 - channel digital personal mixer as top winners at this years annual
readers’ choice awards
.
patent and competition issues between peavey and behringer look set to be keeping m’learned friends very busy over the next few months .
the only company that has ever had any limited success against behringer was boss , a japanese company , whereby in good asian tradition the dispute was settled outside of the courtroom , whereby behringer accepted to change a few of it ' s products .
that create digital music post gives the most comprehensive and digestible rundown of behringer’s legal troubles out there . but to summarize :
behringer and roland / boss : in 2005 , roland sued behringer for duplicating the look and feel of its guitar pedals . the blog music thing had a nice visual of just what this looked like . in this case , there was no claim about underlying circuit design , but the look and feel or “trade dress” is covered legally . again , behringer was not exactly vindicated . the two companies reached a settlement . the terms remained confidential , but behringer did modify the look of its pedals .
behringer has given the same treatment to products by boss , tech 21 , electro–harmonix , mackie , line 6 , and more . as mentioned in a comprehensive create digital music post about behringer’s lawsuits from 2009 , the company even cloned apple’s home page .
coolaudio is owned by behringer . blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa blaa . neil
[ . . . ] making top gear is just not behringer ' s aim , nor philosophy . [ . . . ]
and wants a ( mini ) moog , odds are they aren ' t even going to consider the behringer device . these are
these are not the only cases of behringer products that are designed to look like someone else’s products . as noted in comments , even the screenshot of the behringer website is of monitors intended to look like those from krk . part of why i’m taking up the behringer stories is that music thing isn’t around to do it any more , but here are some of tom’s best hits :
appellant alcoa , inc . appeals the judgment on a jury verdict in favor of appellees barbara behringer and leroy behringer , for damages they allege arose because mrs . behringer contracted mesothelioma by breathing asbestos dust brought home in the 1950s on her then - husband ' s work clothes . under the facts of this case , we conclude alcoa did not owe a legal duty to mrs . behringer . accordingly , we reverse the judgment of the trial court and render judgment that appellees take nothing on their claims against alcoa .
behringer is cloning ‘curtis chips’ – integrated circuits , designed by doug curtis of curtis electromusic specialities , used in many classic vintage synths .
i don ' t have any problem with behringer cloning the minimoog . it just doesn ' t bother me the slightest little bit .
what seems to be true is that whenever behringer teams up with midas for anything , it turns out to be pretty dang awesome .
though you obviously will always find something to moan about , it will probably be something about behringer ' s analogue poly happy meal .
behringer and line 6 : what’s more disturbing to me is that , after reaching a legal settlement with roland , behringer simply moved on to a different vendor . in 2007 , behringer introduced a new line of pedals copying line 6 instead of boss . again , music thing’s tom whitwell did a visual comparison . less extreme , but demonstrating behringer continues to try to steal line 6 market share by looking like line 6 , even the prize for the web design competition ( the v - amp ) is intended to clone line 6’s pod .
you can see that median fifa rank of countries that voted is highest for behringer , though lloyd got plenty of votes from captains and coaches in top 20 - ranked nations . the higher the level of competition , the more behringer is represented among first - place votes .
bottom line - i was seriously impressed and i tip my hat to behringer for pulling it off cuz i thought he was just bullshitting .
facility type : office owner : behringer harvard northborough , lp property manager : cb richard ellis , inc . label years : 2001 , 2012
in 2006 , however , the fcc proposed a $ 1 million forfeiture against behringer usa for apparent violation of its equipment authorisation rules . the commission concluded that behringer seemed to have violated the organisation’s rules by marketing at least 50 models of unauthorised digital audio devices in the us .
waco tribune - herald , 11 nov 1998 , p . 9b - andy behringer , 25 of south 5th st . died early thurs . funeral services will be at 2 : 30 pm sat . in lakeview church of christ with burial at riesel cem . survivors : his parents : mr . & mrs . fred behringer - north bermuda , lacy - lakeview ; 2sis : miss eloise behringer - n . bermuda & mrs . eldon ( mollie ) pittman - fort worth ; bro : a . f . ( pack ) behringer - oklahoma city , ok . texas death certificate # 71220 brazos co . , tx - andy marvin behringer died due to multiple head & body injuries - aircraft crash .
2 the appellant , straits advisors pte ltd ( “straits advisors” ) , is a corporate advisory firm . the first respondent , behringer holdings ( pte ) ltd ( “bh” ) , is a local company in the business of general wholesale trading . the second respondent , behringer corporation limited ( “bcl” ) , is a foreign company and the sole shareholder of bh . for convenience , the respondents will be referred to collectively as “behringer” .
in 2005 , roland corporation sued to enforce roland ' s trade dress , trademark , and other intellectual property rights with regard to behringer ' s recently released guitar pedals . [ 23 ] the two companies came to a confidential settlement in 2006 after behringer changed their designs . [ 24 ]
dsi , roland and elektron do trust coolaudio enough to use their chips within their products . and guess who owns coolaudio since 2000 ? behringer .
i don’t think behringer is generating smaller profits than companies like dsi or moog . that’s just a smokescreen uli is using to justify his behaviour .
1 . the synth manufacturing industry is tiny . behringer’s strategy will hurt many established small - medium sized companies ( moog , for example ) .
moog vs . behringer is like a private company with a fleet of 50 pretty damn nice cars in one city vs . all of uber .
in pointing out behringer’s clone of apple’s homepage , i may have left some things unclear . i was honestly surprised to find a number of people rushing to behringer’s defense . i wasn’t trying to score cheap and easy points against the brand , but while venting frustration , i may have underestimated the response of people who own behringer gear . if you do , and it’s working for you , as always – that’s a good thing .
so , i don ' t think coolaudio semiconductors is the same as the intersil coolaudio amp technology ip bought by behringer . the urltoken site and docs make no mention of behringer , intersil , or any other company , other than the 2006 press release saying they ' re open for business .
i am pro - behringer – just because of his stayer - ability and dedication towards making stuff affordable . i do however hope that he recognise the curtis - family and offer them some sort of agreement involving payment . if nothing else , such an action could prove usefull to behringer marketing .
2002–2007 : behringer city [ edit ] behringer city in 2002 , behringer completed its own factory , behringer city , in zhongshan of china ' s guangdong province after it consolidated more than ten separate production locations into one vertically integrated plant . comprising eight buildings that produces electronics , speakers , guitars and digital pianos and also hosts an onsite health clinic . [ 6 ] this strategy was different than that taken by other musical instrument companies who used third party manufacturers . choosing to run a self - contained plant allowed behringer a greater level of quality control . [ 6 ] the 1 , 200 , 000 - square - foot ( 110 , 000 m2 ) manufacturing complex in zhongshan ships more than 2 . 5 million behringer products per year to markets around the globe . the plant turns out over 50 , 000 mixers per month with a failure rate that is less than 0 . 1
what the hell are you guys talking about ? the mackie and the behringer desks has not even got the same functions , so can you please explain how the circuit could be the same ? example : the mackie has adjustable q on the sweepable high mid eq . the behringer has not .
they will put out cheap synths that already exist , and at some point the synth will break . this is how behringer has always worked . there are a few exceptions to this rule , of course , but behringer has released hundreds of shitty products that do not stand the test of time .
complaining about behringer here is counterproductive unless one is also prepared to boycott dsi , elektron , and others , lest one be seen as a hypocrite .
i just bought one of the clear wheel “welsh minimoogs” off ebay that were made in the 90’s . . . hope it sounds better than a behringer
i still have a week before i can send the behringer back . i someone can ' t wait to get theirs get in touch . . .
i played with the behringer model d . it sounds great , but after owning their monitors i ' m hesitant to ever purchasing from them again .
behringer is installing itself into new markets . at the recent partner event , the company opened its doors and answered some searching questions , says rob speight
peavey filed a lawsuit in 2009 against behringer in u . s . district court in new jersey for patent infringement , federal and common law trademark infringement , false designation of origin , trademark dilution and unfair competition relating to , among other things , peavey ' s patented feedback locating system . more recently , peavey filed an action against behringer in the southern district of mississippi , accusing behringer of infringing a patent relating to the peavey messenger® portable sound system .
on moog / behringer : people who can afford moog will continue to buy moog . behringer is for those who cannot afford it . where is the competition ? where does this fear come from ? if you have a problem with my way of thinking have a look at the denim / jeans industry .
i really hope for midas and tc to continue what they did . until that shows , i wish for other companies to survive outside behringer ' s embrace…
midas may be owned by music group , but that does not mean that behringer products are going to suddenly be as high of quality as midas products .
it ' s not , there ' s plenty of ways to get that sound ( or close enough ) . who knows if behringer will get closer ?
my korg odyssey came today and all i can say is that this one and the behringer d are going to be very well - acquainted . . .
“behringer , music group and its numerous corporate identities in various locations , are no stranger to litigation against them for patent and trademark infringement , ” said ronald bienstock , attorney for peavey . “behringer has been a party to multiple intellectual property related lawsuits with other companies in the music instrument and pro - audio industry .
in 2004 , appellees sued alcoa and other defendants alleging mrs . behringer ' s mesothelioma resulted from asbestos exposure caused by their wrongful acts . appellees ' petition against alcoa alleged alcoa failed to provide adequate safety measures and protective gear and failed to adequately warn alford and mrs . behringer of the dangers of asbestos exposure .
nagy a , gertsenstein m , vintersten k , behringer r : manipulating the mouse embryo : a laboratory manual . 2002 , cold spring harbor laboratory press , 3
i saw that behringer uses some of their ics . that ' s great . so does elektron , as i noticed when i tore down my analog four :
we don ' t know what will behringer do or not , so all this is just assumptions and empty academic blabbing , and guess we should stop here .
i never investigated if those companies ( midas , tc . . ) do good stuff under behringer , but i ' d be really surprised to learn so .
behringer is vertically integrated and has a huge chinese workforce to design equipment , make and print cases , design , fab and populate circuit boards and so on .
there are cheap and affordable synths out right this second that are not made my behringer . the dm12 is not cheap or affordable for most of the world .
someone should clone the behringer x32 , don’t you think ? it’s pretty pricey . and hey , it’s all about making music , not this elitist expensive shit !
the 400 $ behringer thingy is interesting because of it ' s price tag , but i strongly doubt that it will be able to replace a real minimoog .
( d ) a secondment agreement , providing for the secondment of one ricardo villanueva to behringer to act as head of corporate finance ( “the secondment agreement” ) .
i have a behringer deepmind 12 and i am very satisfied . and i ' m going to buy the behringer model d . accuracy , i buy synthesizers since 1981 , the ems synthi aks buchla 200e 18 elements . . . and i claim to know the synthesizers , i ' m not content with rumors . . .
2 . behringer isn’t doing anything to advance the state of the industry . they’re simply taking advantage of other people’s extremely hard work and the fame of classic instruments .
i think behringer should also get into making moog modular clones , why pay 50k when you could possibly get a similar system for 1 . 5k in euro format .
behringer makes no bones about the fact that it clones other company ' s designs , capitalizing on cheap labor and parts costs in china and southeast asia to offer gear at door–busting low prices . just recently , behringer announced its clone of the minimoog model d at about a tenth of the price of moog’s own recently announced reproduction .
in february 2006 , the us federal communications commission ( fcc ) fined behringer $ 1m , [ 15 ] issuing a notice of apparent liability against behringer , claiming that 50 of the company ' s products had not been tested for conducted and radiated emissions limits as required by us law , [ 16 ] and noting that behringer continued to sell the products for a year after being notified . [ 15 ] behringer had believed that since the units had passed stringent european ce standards , they would also comply with fcc verification requirements . [ 15 ] according to behringer , it had overlooked the differences in testing standards and procedures under fcc and european requirements and has since implemented a complete ul certified safety and emc testing laboratory under the ul certified witness program , including an in - house audit and global regulatory review system . [ 17 ]
i think this is right perspective on behringer vs moog . just like the model 15 app leads to buying one of those mu modules ( for me it was tracking down an inductor ffb after working with the app as a preview ) - i think the behringer is a terrific non - competing brochure for the model d , itself .
what rules ? are you setting the rules samc ? why do sound so bitter and angry . are you a competitor ? i have a x32 , xr18 , ada8200 , and many other behringer products and they have served me very well . never had a problem and been a behringer user for more then 10 years . just my 2c
stated ronald bienstock , attorney for peavey .
behringer has been a party to multiple intellectual property related lawsuits with other companies in the music instrument and pro audio industry .
i think other manufacturers have already got in on analog , korg for example . if it wasn’t for their success i doubt if behringer would have thought of this himself .
clone of a current production instrument . behringer don ' t need to copy a minimoog to be successful , but it ' ll make it cheaper and faster to create .
then in another post in that gearslutz thread , behringer offers his more common defense , that his company is trying to get cheap gear into the hands of working musicians .
hi max , there ' s no doubt uli is an astute businessman . and as long as he doesn ' t introduce the behringer ethos to the other brands he now owns they will continue to be in the class they deserve to be in . various behringer products have plenty of known issues , and these issues don ' t seem to get addressed with various revisions . i have multiple pieces of behringer gear , but i researched their known faults before buying . problems with product creates a history of doubt when you ' re a newcomer to the high end market . will the x32 overcome that ? as has been said , for similar money , i would go to the presonus before the behringer .
with the business muscle and aggressiveness of behringer corp . , a $ 500 million + revenue company who will be all to eager to flood the market with their cheap copies .
behringer has acquired the rights to the entire coolaudio technology from intersil corporation , a semiconductor manufacturer . coolaudio is a digital amplification technology for amps with power ratings of up to 4 , 000 wrms . the coolaudio class d technology enables an efficiency of more than 90 % . behringer digital technologies has been formed to market and further develop coolaudio and related technologies .
1 . if behringer hurts other companies by providing long gone or overly expensive synths at an affordable price , that’s on those companies not willing to budge on their exorbitant prices and thus leaving a huge gap in the market . it won’t be behringer hurting those companies , it’s the market for them that will . a market those companies seemingly refuse to provide for .
“where the intellectual property is still controlled by the family of doug curtis . ” seems they do not hold any patent on this . i don’t think behringer would be that stupid… .
i noticed the saw wave on the 3rd oscillator panel graphics doesn ' t look inverted ( to do the pwm trick ) i hope behringer didn ' t overlook that important fact .
do folks expect behringer to drop 6 or more of their clone voice boards into a chassis for a polysynth ? seems as if many folks have asked for a modern memorymoog recently .
@ uli behringer , your main argument seems to be : everybody is doing it and it ' s not ilegal . but how comes then that also everybody associates
behringer
with
cheap copy of something
? i don ' t think of samsung as a cheap copy anything . no one i know is proud to own anything that says
behringer
, i know not one single fan . that brand is instead a synonym for
i couldn ' t afford anything better
. wouldn ' t that be strange if that company was just doing what everybody else is doing ? everybody is doing it , yes . but behringer seems to have done it differently . else you should really have a lot of fans .
dr . william behringer , a staff member at the medical center at princeton , was diagnosed with aids . afterwards , behringer received numerous phone calls from various people expressing awareness of his illness , and his surgical privileges at the center were suspended . he sued the medical center , alleging a breach of confidentiality and discrimination . the superior court of new jersey , mercer county , held that the medical center had breached its duty of confidentiality when it failed to take reasonable precautions to prevent behringer ' s aids diagnosis from becoming public knowledge . nevertheless , although new jersey ' s anti - discrimination statutes protected dr . behringer from having his surgical privileges revoked , the medical center demonstrated a reasonable risk to patients that justified suspending dr . behringer ' s privileges , or alternatively , requiring his patients ' informed consent before operating . the court found that the risk included not only actual hiv transmission , but also the possibility of surgical accidents .
i guess it will be used as a standalone unit by many . behringer boutique . if they actually sell it for $ 400 , they ' ll probably sell it by the truckload .
not sure , but since everyone wants moog to make a poly , i think behringer would make a boat load of cash if they released a 6 - voice keyboard based on this .
the us propaganda against behringer is really getting old . behringer has been winning with good products for a good price since the nineties , and the us companies have not reacted with extra training or extra recompensation for their workers that make the products better , like behringer does , but instead they have been firing their skilled workers , replacing them with imported unskilled workers that are cheaper , and with huge under - the - table payments to politicians in order to do something about behringer , which the politicians did , the fcc has fined behringer millions of dollars in the hope of destroying their competitivity , but it has failed miserably . since the mid nineties , behringer has not recognised the fcc standards , because all behringer products meet and exceed the much more stringent and modern ec - standards . the old and ridiculously insignificant fcc standards are just used to extort money from non - us companies . that would work in a world where the usa is the most important market and the us is the most important economic power , which is not the case , and it hasn ' t been since the seventies , but they just don ' t know it yet , which is really sad . the old and dying pathetic anglo - american system is behaving childishly , and they will pay the price . the average behringer worker is much better educated and trained than the average us worker , and right now , they already have more buying power too . who do you think can do more with his net income , the average mesa boogie worker or the average behringer worker ? if you still think it ' s the average mesa worker , then you have had your head in the sand for the last 15 years .
behringer filed a lawsuit against peavey in the u . s . district court in seattle , washington . peavey has vehemently denied any wrong doing and is vigorously defending that baseless , retaliatory lawsuit .
also ppl who buy premium moog products will still buy premium moog products , no matter what behringer sells . if you want audi you don’t buy skoda even if it’s kinda same but cheaper .
this is a case where uli and the behringer company could have reached out to the legacy community they are supposedly “honoring” with these clones , and engendered a bit of good will . it’s one thing if the chip company is gone , and quite another if it is still in operation . i’d be curious if the behringer people approached onchip ( curtis ) about working out a deal .
i reckon a behringer death star clone would be quite benign - it would look the part , but not actually be able to destroy any planets - at least until the next firmware upgrade .
behringer ej and segal ss . membrane potential governs calcium influx into microvascular endothelium : integral role for muscarinic receptor activation . j physiol . 593 ( 20 ) : 4531 - 48 , 2015 .
18 for the above reasons , we are of the view that the question presented should be answered in the affirmative and thus we find in favour of behringer . before concluding , we observe , for completeness ( and since we pressed mr gregory vijayendran , counsel for behringer , on the point during oral submissions ) , that while it is behringer alone who decides whether or not to issue a written notice to trigger ipo activation , thereby triggering sections 3 and 4 of the consultancy agreement , it must act in good faith and for proper purposes in arriving at its decision . it cannot , for example , refuse to issue a written notice to trigger ipo activation with respect to straits advisors in order to avoid issuing the shares , while at the same time pursuing its ipo ambitions with another set of advisors instead . but , as mr vijayendran correctly pointed out , straits advisors is not claiming in its action against behringer that behringer had engaged in any such conduct .
i think it will be bad for moog if some fabric volumes company like behringer will start to produce minimoog reissue . and , of course , it will have flavour of minimoog but not the sound
cool that it ' s eurorack . hope it expands the market like the mother32 and roland gear appear to have . but i only am interested in supporting behringer if they make their own designs .
the minimoog schematics have been out there for ages . . behringer confirming that they ' re planning on basically 1 : 1 copying an existing instrument has earned your respect ? okayyy . . . .
behringer must love al the free press this outrage is giving them . nothing has even been released yet they are the hot threads everywhere . way to stir the pot and get your name everywhere .
behringer model d feels pretty solid sounds great . wait for a holiday and grab a 15 % off at most online music stores and the price goes down to $ 255 , so very affordable .
behringer ej and segal ss . tuning electrical conduction along endothelial cell tubes through ca 2 + - activated k + channels . circ res . 110 ( 10 ) : 1311 - 1321 , 2012 .
1 this is an appeal against the decision of the judge ( “the judge” ) in straits advisors pte ltd v behringer holdings ( pte ) ltd [ 2009 ] sghc 86 ( “the judgment” ) .
to behringer , and ( in addition ) was subject to significant non - competition and fidelity obligations ( see generally arts 5 and 6 of the employment agreement ) . this arrangement would , if the original agreements had continued to operate , have prevented da from being deployed to other , more profitable , ventures . such an arrangement would have made good commercial sense when the chances of the shares being issuable upon a successful ipo were high . however , it would have made poor commercial sense if behringer was no longer actively pursuing an ipo , as was the case by the time the consultancy agreement was signed . therefore , there was , in our view , a clear commercial advantage to be gained by straits advisors when it entered into the consultancy agreement , under which da was bound to work for behringer for no more than 2 days a month , and behringer , on its part acknowledged that da “will spend part of his time attending to other business matters not relating to behringer and is agreeable to the same”
behringer is proud to incorporate midas designed mic preamps for the ultimate in high - quality audio reproduction in both live and studio environments . find out more about midas’ amazing legacy by visiting their extensive website .
behringer should stop this nonsense of trying to convince people that they have a true model d clone coming out . call it something else . make it your own thing . your fanboys are not that naive
but you see what direction i ' m thinking . more examples : novation bs2 $ 450 is also mono but have close to knob / function . and behringer is way bigger than focusrite or futuresounus .
nothing to see here . as usual , the family of a deceased inventor wants to hoard all the rights to everything he produced . two thumbs up to behringer and coolaudio for remanufacturing these dead chips .
when i first heard about the behringer d , i was intrigued . but after reading the gearslutz thread and learning about why berhringer announced his planned product , i am disappointed and have turned around 180 degrees…
very excited for this product . always wanted a minimoog but was never willing to pay the asking price . props to behringer for keeping it as close to the original as possible for much less $ .
there has been a fair bit of discussion lately on behringer stuff - particularly mixers - and the corresponding rhetoric that typically accompanies discussion regarding behringer gear . i thought i ' d try to find specific details regarding the accusation that mackie made against behringer regarding design infringement of the 8 - bus mixers . my sources are as follows : resume for lawyer who defended behringer in suit - see fourth paragraph a legal description of the details of the decision a summary : the charges brought forth against behringer were all but completely dismissed by the judge . there was a settlement made between mackie and behringer , but the details have been kept secret . the reasoning for the dismissal of the charges had to do with copyright / design - right language in the laws between the usa and the uk , and what essentially amounted to a loophole provided therein . it seems , though it is never explicitly said , that the behringer design was a copy of the mackie board . regardless , the language within the governing laws did not allow mackie any leverage against behringer . that said , if the design circuitry is the same between the two mixers , then it can ' t be fairly said that one is crap and the other is not - they ' re both essentially the same . . . . or am i missing something ? also , since then , surely mackie , and other corporations would have clued into this ruling , and sought to protect themselves accordingly . would it not be fair to say , then , that other companies would logically take steps to ensure that behringer ( or anyone else for that matter ) would not be able to blatantly copy their designs too - something that is frequently alleged on this and many other discussion groups ? just some thoughts . . . . i ' m sure a few of us will have comments . chris
let google be your friend . making derogatory comments to try and discredit me doesn ' t change the facts : behringer deepmind 6 analog 6 - voice synthesizer keyboard , new urltoken perhaps you are in denial ?
the people here who can’t even fathom why someone would have a problem with what this guy does – even if it’s a nuanced view and not necessarily anti - behringer ( like i am ) – flummox .
i was optimistic about behringer after the deepmind 12 , but they seem to have gone back to their old days of chucking out cheap clones . i doubt it was the midas guys who made this thing .
now for gigging , absolutely , keep the model d at home and travel out with behringer . but maybe suggest do that with the model d app instead , just a preference - stays in pitch better .
behringer is mostly in the philippines now , group services wise anyway . some in singapore , few in the us and a few in the uk . not many peeps in germany . massive factories in china .
so over the last week i ' ve been leaving the comfort of the 5u subforum to check to see what people were saying about the grandmother . a couple of days ago i noticed this thread . i ' ll admit , i knew very about the bmd . a 300 buck minimoog - clone made by , wait for it . . . , behringer ? hahah , behringer ? ok , let ' s talk about
behringer is proud to incorporate a midas designed mic preamp for the ultimate in high - quality audio reproduction in both live and studio environments . find out more about midas ’ amazing legacy by visiting their extensive website .
behringer ( and music group ) has a city of factories in china that enables them to ramp up production and lower costs . there’s also the question about wages to take in consideration , labor is likely cheaper .
today ? tony kara made a post , that have now conveniently been removed , about two weeks ago about the fact that coolaudio gave them ( dsi ) their word that they had no affiliation with behringer whatsoever .
one of the more amusing moments at the voltage connect conference this morning was dave smith making a strangling sound while wrapping his hands around his throat when the behringer d was mentioned . abe from moog just laughed .
behringer ej . calcium and electrical signaling in arterial endothelial tubes : new insights into cellular physiology and cardiovascular function . microcirculation . 24 ( 3 ) , 2017 . doi : 10 . 1111 / micc . 12328 .
behringer ej and segal ss . spreading the signal for vasodilatation : implications for skeletal muscle blood flow control and the effects of aging . j physiol . 590 ( pt 24 ) : 6277 - 84 , 2012 .
socha mj , domeier tl , behringer ej , segal ss . coordination of intercellular ca 2 + signaling in endothelial cell tubes of resistance arteries . microcirculation . 19 ( 8 ) : 757 - 70 , 2012 .
i’m going to leave the behringer discussion at this point , having provided some of the historical background . but i certainly won’t let go of these other issues . and the uprising of behringer support says to me that cdm and i do need to spend more time talking about affordable gear , affordable software , and — not necessarily because it’s “cheap” or “free” — free and open source hardware and software . i welcome your suggestions .
the @ behringer neutron # synthesizer is really intriguing . i really like how it has a built in bucket brigade delay . i am looking forward to trying one out once the become available at my local music shop .
“behringer’s strategy will hurt many established small - medium sized companies ( moog , for example ) . ” porsche did not go down because renault built cheap cars . people buying a moog know they pay for the name .
i watched the synthpro video and i don ' t get why people say the behringer d doesn ' t sound like the real thing . it sounds pretty close to me , much closer than the modern moog synths .
behringer is a funny guy and poli205 is a pretty easy one to pass . he does pretty in depth power points , so study those and you should be in the clear . he did mark for attendance though .
socha mj * , behringer ej * , segal ss . calcium and electrical signaling along endothelium of the resistance vasculature . basic clin pharmacol toxicol . 110 ( 1 ) : 80 - 86 , 2012 . * equal contribution
above , was not superseded by the consultancy agreement ) as an aid to the construction of the consultancy agreement . the subsequent conduct that mr kumarasingam relied on was behringer’s termination of the secondment agreement on 24 april 2007 (
uli behringer has made the same mistakes the others are making now , using chinese subcontractors . by the end of the nineties , behringer was making everything themselves , and i really mean everything , they have good training programs for all kinds of crafts and skills , and an unseen quality control system . that ' s why they make products that perform very well even if they don ' t use mil spec construction and the most expensive parts .
it definitely makes me proud to support moog and to appreciate their creativity and quality . while behringer can do what they want , the fact that they choose to make it even look like the minimoog is really lame . if you need cheap gear , there are already plenty of options , it just appears to be classic behringer to clone another device cheaper based on scale and subtle corner cutting . just plays into our desire to consume , really .
all the hate for thing only has to do with the
behringer
name on it . . if it said malekko or studio electronics on it , the same people would be praising it to no end . . .