Trelleborg buys Signum Technology
Swedish engineering company Trelleborg has, through its Industrial Solutions business area, acquired engineering group Signum Technology and its units 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 product portfolio and increases its service offering across its business units, the company said in its statement.
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, it said.
Signum Technology is headquartered in Wiltshire, England, and has three manufacturing sites in the UK and service centers around the world.
Sales for the group totaled approximately £35 million (EUR 40.7m) in 2018.