Signum Technology is a group of engineering businesses delivering safety critical solutions for flow control applications.
Each company is a market and technical leader within its sector and each is delivering a valuable contribution to its particular industry. From helping to ensure the future of LNG as a safe and cleaner global energy source to protecting the World’s oceans from pollution, Signum companies are delivering a new standard in reliable and efficient safety critical flow solutions.
The strategic investments by Signum have enabled these technical and commercial leaders to be ideally positioned to take advantage of the incredible potential within their respective sectors.
Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the engineering group Signum Technology Ltd, which include 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 group is 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.