Trelleborg, the world leader in engineered polymer solutions, has, through its Industrial Solutions business area, acquired engineering group Signum Technology Ltd and its subsidiary companies Gall Thomson, KLAW LNG, KLAW Products, and Vee Bee Filtration.
The acquisition of Signum, which provides safety-critical solutions for flow control applications, including Marine Breakaway Couplings (MBCs) and safety solutions for LNG transfer systems, adds a new level of functionality to Trelleborg’s already extensive product portfolio and increases its service offering across its business units.
The move is part of Trelleborg’s strategy to strengthen its position as a system provider in key oil and gas market segments, such as ship-to-ship and ship-to-shore LNG transfer.
Commenting on how the arrangement with Signum supports the service Trelleborg’s Oil and Marine business unit provides its customers, director Vincent Lagarrigue said:
“The deal represents a major shift for us as a business, as we continue to develop and strengthen the breadth and depth of our service offering in line with our customers’ needs.
“By integrating Signum’s market-leading technology with our own world-class product range, our customers now have access to an even wider spectrum of fully-integrated and customisable solutions for crude oil, chemical and LNG/LPG offshore transfer applications.”
Bill Hagenberg, president of Trelleborg’s Fluid Handling Solutions business unit, added: “This acquisition is a bold step into the future and strengthens Trelleborg’s market-leading position. Much like Trelleborg, Signum has a reputation for quality and innovation. Jointly, we can offer hose-based transfer solutions in demanding environments and build upon other synergies, such as our after-sales service, and sales and distribution provisions.”
Signum Technology is headquartered in Wiltshire, England, and has three manufacturing sites in the UK and service centres around the world. Sales for the group totalled approximately £35 million in 2018.
David Hill, chief executive at Signum Technology, commented:
“We look forward with real excitement to working with Trelleborg, a business with a strong heritage in flow control products and with global reach.”