Trelleborg expands fluid handling services with acquisition of Signum Technology
The acquisition of Signum, which provides safety solutions for flow control applications, including marine breakaway couplings and safety solutions for liquefied natural gas (LNG) transfer systems, enhances Trelleborg’s product portfolio functionality and increases its service offering across its business units.
The acquisition is part of Trelleborg’s aim to strengthen its position as a system provider in major oil and gas segments, such as ship-to-ship and ship-to-shore LNG transfer.
“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,” commented Vincent Lagarrigue, director of Trelleborg’s oil and marine business unit.
“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.”
"We look forward with real excitement to working with Trelleborg, a business with a strong heritage in flow control products and with global reach,” concluded David Hill, CEO of Signum.
Headquartered in Wiltshire, UK, Signum Technology operates three manufacturing sites in the UK and service centres around the world. In 2018, sales for the group were around £35 million (€41 million).