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 November 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Equinox Class Scrubber Systems Receive Certification

Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Energy

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Arctic Oil: Bourbon to Enter Arctic Market in 2016

Bourbon plans to enter the growing Arctic Offshore market in 2016 with a new Anchor Handling Tug Supply (AHTS) vessel built by the Vard shipyard. This AHTS (Anchor

Libyan Government: Ports, Oil Fields Safe

Libyan oil ports and fields are safe and under government control, the country's interior minister said on Friday after visting the eastern Brega port. "This

Mergers & Acquisitions

MHI to Change Name of Group Company

Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

Fincantieri & Vittoria Shipyard Join Forces

During the 24th edition of Euronaval, the most prestigious event in the world for naval defense, Fincantieri, one of the major shipbuilding groups worldwide, and Vittoria Shipyard,

Underwater Engineering

GAC Starts Hull Cleaning Op'ns in Oman

GAC EnvironHull hull cleaning operations using the brush-and-diver-free HullWiper system starting at the port of Sohar, just outside the Gulf of Hormuz. This

First Libra Offshore Oil Well Confirms Discovery

Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality

Maersk Interceptor Named in Norway

In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1829 sec (5 req/sec)