Severn Glocon Acquires Calidus Engineering

MarineLink.com
Tuesday, July 23, 2013
Severn Subsea Technologies research and development centre in Redruth, Cornwall

Control valve engineering specialist, Severn Glocon Group has strengthened its presence in the subsea oil and gas market with the acquisition of HPHT downhole tools company Calidus Engineering. Now renamed Severn Subsea Technologies Ltd, the company will provide research, development and test facilities to enhance Severn Glocon’s subsea valves capability.

A former subsidiary of Badger Explorer (Norway), Calidus is a multi-discipline engineering firm developing innovative subsea and downhole technologies for harsh HPHT environments. Severn Glocon Group is taking this strategic move in a bid to align its operations to better meet future technical challenges in subsea oil and gas production. Calidus’ downhole products already developed will provide major sales opportunities with worldwide oil and gas corporations.

In addition to modeling and engineering design services, Severn Subsea Technologies’ Redruth (U.K.) facility has a machine shop equipped for manufacturing prototypes. The business is set to become the nucleus for Group subsea R&D and systems integration activity, in tandem with small-bore subsea valve firm LB Bentley’s R & D Team and the Severn Unival Brighouse Valve Innovation Center.

The acquisition enhances core capabilities to strengthen the Group’s global positioning in the subsea market, and builds on the acquisition of LB Bentley in 2012. It also increases the scope for new subsea systems developments based on LB Bentley’s valve technology.

Severn Glocon Group Chief Executive Maurice Critchley said the acquisition underlines the firm’s ambitions to be at the forefront of technical developments for the oil and gas industry: “Offshore operating conditions are becoming ever more extreme, so hardware engineers and manufacturers need to invest in developing breakthrough technologies. As an industry we have a duty to collaborate and innovate. At Severn, we’re using intelligence-led R&D to identify potential technology gaps and focus our engineering expertise in the right places. Calidus brings a valuable new set of skills to our portfolio as we upscale our R&D efforts.”

From their West Country technology facility, Calidus is receiving revenues from local and global clients in the oil and gas industry, as well as from the field of R&D.

Severn Glocon Group is headquartered in the U.K. and employs 800 people worldwide. The firm won a Queen’s Award for Enterprise in International Trade in 2011 and the Group sales continue to grow at 50% in 2012 and 2013.

severnglocon.co.uk

severnst.com
 

  • Maurice Critchley, Chief Executive, Severn Glocon Group

    Maurice Critchley, Chief Executive, Severn Glocon Group

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Energy

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

16 Die in Coal Mine Accident in China

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting

Mergers & Acquisitions

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

Underwater Engineering

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1492 sec (7 req/sec)