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

People & Company News

Voith Turbo Names Calhoun VP of O&G Sales

Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office

Ki-tack Lim Elected as IMO Secretary General

Ki-tack Lim from the Republic of Korea has been elected as the new Secretary General of the International Maritime Organization (IMO), with effect from January 1,

Ocean Safety Inks Rescue Boat Distributor Deal

Ocean Safety, a company in the worldwide supply, distribution, service and hire of marine safety equipment, announced its appointment as sales and service agents

Energy

Voith Turbo Names Calhoun VP of O&G Sales

Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

Mergers & Acquisitions

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

ShipServ opens Singapore office

ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

Underwater Engineering

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

Boskalis Wins Portsmouth Channel Expansion Order

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from the Defence Infrastructure Organisation of the Ministry of Defence for the capital

Samsung Bags Order for Decks on Johan Sverdrup

Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms.  The total contract value is NOK 7 billion.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1737 sec (6 req/sec)