Group, took over Signum Technology Ltd to complement its portfolio of services in the LNG transfer market segment. According to the Chairman of Trelleborg Industrial Solutions, Jean-Paul Mindermann, the company’s aim is to create an attractive range of services and safety critical solutions for the ship-to-shore and ship-to-ship LNG transfers in the energy industry. And, the top-quality and innovative services provided by Signum triggered Trelleborg’s interest for the transaction. Also, the transaction expands Trelleborg’s global capacity in both the service and aftermarket sectors.
The corporate finance manager at KPMG appreciates the deal as being great for all involved and a fantastic boost to a large and important employer in the East of England. He also considers that the takeover will support business as it progresses thanks to the implementation of the group’s growth and development strategy.
The bolt-on takeover is a clear indication of the rising global demand for new energy technology and solutions such as the LNG transfer solutions provided by Signum Technology.
About Trelleborg Group
Trelleborg Group is a worldwide leader in the polymer technology business sector and comprises 5 operational business lines including Trelleborg Industrial Solutions, Trelleborg Coated Systems, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions, and Trelleborg Wheel Systems. The Trelleborg Industrial Solutions business segment offers fluid handling products and services, industrial anti-vibrational systems and special sealing application solutions. Trelleborg Coated Systems focuses on developing engineered systems for protection, sealing, safety and process in demanding environments. The Trelleborg Sealing Solutions business line offers seals for the aerospace, industrial and automotive sector. While the Trelleborg Wheel Systems business line provides wheel systems for vehicles which handle increased load materials such as forklift trucks, tractors and agricultural equipment.
According to the 2018 annual financial report, the group has over 24,000 employees worldwide and a revenue of around £27 billion with sales increasing by 8% for 2018. The group’s sales per region stand at 22% in North America, 48% in Western Europe and 30% in Asia, Africa and the rest of Europe. Its net sales reached 55% in the capital-intensive industries, 34% in the genera industry sector and 11% in the light vehicles sector.
On Signum Technology
Signum Technology is a UK based group of companies which operates in the energy sector and offers safety critical flow regulator systems. It comprises four business lines including Gall Thomson, VeeBee, KLAW LNG and KLAW Products. Gall Thomson provides breakaway couplings for the marine industry which perform similar to safety valves when crude oil is transferred via flexible tubes. Veebee provides pipeline filter technology and focuses on different end markets. KLAW LNG provides emergency release solutions for safe cryogenic LNG (liquified natural gas) transfer from ship-to-ship and ship-to-shore. And KLAW Products offers a wide range of bore coupling products for the industrial and energy sectors. In 2012, after a significant investment from Phoenix Equity Partners, the group focused on improving the quality of its operations and expanding its manufacturing capacities to sustain the development of new and innovative products.
In a statement, the chief executive of Signum Technology, David Hill, expressed his appreciation for Phoenix’s support provided to his team and to the company which has been transformed under their ownership. He also looks forward to working with Trelleborg with real excitement.