Trelleborg acquires Signum Technology
Signum provides safety-critical solutions for flow control applications, including Marine Breakaway Couplings (MBCs) and safety solutions for LNG transfer systems. 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.
Vincent Lagarrigue, director of Trelleborg Oil & Marine, 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, stated: “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 GB£35m in 2018.
