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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

British Queen to Name New Ship

Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Energy

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mergers & Acquisitions

VLCCF - 4Q & FY 2014 Results

Knightsbridge Shipping Limited ( VLCCF ) reports net income of $5.2 million and earnings per share of $0.06 for the fourth quarter compared with a net loss of $6.

NMM lines up Box Buy

Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration,

SpeedCast Acquires Geolink Satellite Services

SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1990 sec (5 req/sec)