Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the engineering group Signum Technology Ltd, which includes KLAW Products, KLAW LNG, Gall Thomson and Vee Bee Filtration.
The group delivers safety critical solutions for flow control for the oil, gas and petrochemicals industries, such as Marine Breakaway Couplings and LNG transfer systems.
The acquisition complements and extends Trelleborg’s product portfolio and strengthens Trelleborg as a system provider, primarily to the fast-growing LNG transfer market segment.
The Signum Technology Ltd was headquartered in Wiltshire, England, with manufacturing in the U.K., and service centres globally. Sales totalled approximately SEK 410 M in 2018. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“We are very pleased to announce the acquisition of Signum. Combined, we are creating a very attractive offering of integrated packages and safety critical systems for both LNG ship-to-ship and ship-to-shore transfer in demanding industries.
Signum has a reputation for quality and innovation, very much like Trelleborg. This acquisition will also further strengthen our geographic coverage notably in the aftermarket and service business, hence a really good fit for us in many aspects,” says Jean-Paul Mindermann, President of the Trelleborg Industrial Solutions business area.
The transaction was consolidated as of July 10, 2019.