The agreement would benefit those working in the country's mining, energy, manufacturing, forestry and primary industries, as well as government agencies.
Enerpac national bolting manager Pat Malloy said customers would have access to the company's extensive range, as well as product expertise.
"A lot of mine sites and industry worksites in PNG already benefit extensively from the efficiency and reliability of our tools and this new agreement will mean that they and many others will have expanded access to our products and technical backing from a highly respected local supplier," he said.
"This new partnership with Bishops means that Enerpac's comprehensive range of tools will be available in PNG, extending from our extensive range of high-strength non-impact professional bolting technologies, through to high-reliability, energy-saving pumps, cylinders and lifting cylinders.
"It also means PNG and Solomon Island customers will get the double benefit of access to one of the best ranges of hydraulic tools available globally, combined with the local expertise and backup of Bishops with seven industrial branches offering an inventory of more than K75 million ($A35.7 million) worth of safety and industrial goods."
He also said Enerpac tools have been proven in PNG's diverse and challenging workplaces.