Jan 26th, 2018
Gall Thomson Environmental Limited (“GTE”), a leading company within the Signum Technology Limited group (“Signum”) has acquired the intellectual property rights of Avalon Engineering Solutions Limited (“Avalon”).
The intellectual property rights acquired centre on the innovative release-on-command fastener systems developed by Avalon and applied by them to systems such as tandem mooring emergency release systems, mid water arch failure warning systems and the Trubhor release on command system.
Signum is a market leading group of specialised engineering businesses operating in the safety and critical service flow control sectors with a particular focus on the oil, gas and LNG industries. Signum’s vision is to build a family of quality, market leading businesses through investment in new products, acquisition and innovation. The post acquisition strategy is to build value through application of the acquired designs to new product development, safer and more efficient products and bringing innovation to the solutions Signum offers to the market place.
Signum is backed by private equity firm Phoenix Equity Partners. John Cottle, owner and founder of Avalon, will provide support to GTE both during the knowledge transfer phase and beyond.
Max Virgin, Managing Director at Gall Thomson Environmental commented:
“We are delighted to have been able to bring the designs and technology ideas of Avalon into the group. The release systems pioneered by Avalon and adopted by the marine industry are perfectly suited to the industry leading Gall Thomson Marine Breakaway Coupling and its sister products and we are looking forward to bringing exciting new products to our customers to enhance the safety and efficiency of their operations.”
Chris Wilks, CFO at Signum commented:
“We are very excited to announce this important development; Gall Thomson will initially benefit from this new technology and we are looking at other areas within the group where Avalon’s designs might be applied.”
John Cottle, owner and founder of Avalon commented:
“I am proud to have developed this technology over the years and am very pleased to have been able to partner with Gall Thomson to take the application of the designs to the next level of commercialisation and application.”