Trelleborg Marine Systems Acquires SeaTechnik

Press Release
Monday, January 14, 2013

Trelleborg Marine Systems, part of Trelleborg business area Offshore and Construction, has announced the acquisition of Sea Systems Technology Ltd. (SeaTechnik), a firm engaged in the design and manufacture of systems for safeguarding the transfer of LNG between liquefied natural gas (LNG) carriers and shore terminals.


In addition to developing, manufacturing and supporting systems for the safe handling of LNG, SeaTechnik has a growing share of products and solutions that monitor and can actively manage the operating performance of ships, the aim of which is to significantly reduce both emissions and fuel costs.


For Trelleborg Marine Systems, the acquisition means strengthening and building on its expertise in the LNG sector.  Richard Hepworth, President of Trelleborg Marine Systems says: “We’re committed to growing our business in this fast moving area and the acquisition of SeaTechnik really bolsters and expands on our berthing, docking and mooring offering.


LNG transportation represents an attractive growth area for us.  As such, we want to offer a full service solution that can provide customers with a “one-stop-shop” for LNG projects, building on our existing expertise and capabilities. SeaTechnik’s portfolio already has similar design requirements to ours and we already work together closely, so the acquisition provides natural synergies and is a logical step to take.”


Richard Ceen, Managing Director at SeaTechnik, says: “We’re delighted to announce the finalisation of the acquisition. We’ve built our reputation as the world leading specialist in LNG Ship Shore Link and Emergency Shutdown systems and we continue to develop our lead in energy monitoring and optimisation of performance for ships and other marine installations.  


“Now, boosted by the portfolio and financial strength of Trelleborg, we look forward to working with our colleagues across the business to share knowledge and best practice, and develop and enhance our joint portfolio even further.”
Employing 45 people globally, SeaTechnik is based outside Chester in the U.K., with two wholly owned subsidiaries based in Korea and Singapore. Design, manufacture and assembly activities are based mainly in the U.K., with local sales support, installation and commissioning work and specialist manufacturing carried out in Korea and Singapore.


The acquisition is part of Trelleborg’s strategy to strengthen its position in attractive and profitable markets and enables the Group to broaden its product portfolio of berthing, docking and mooring solutions for harbours and ships.
 

 

 

 

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

Ports

USCG Tall Ship Sailing to the Bahamas

The U.S. Coast Guard Cutter Eagle is scheduled to arrive at Berth 14 at Prince George Wharf in Nassau, Bahamas on Thursday, May 28 as part of its 2015 cadet summer training deployment.

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

WFP: Aid Cargo for Yemen will be Delivered After Ship Docks

The World Food Programme will deliver a cargo of Iranian aid for Yemen once the ship carrying it reaches Djibouti's port, the U.N agency said on Friday. Earlier

LNG

Gail to Sell LNG Supplies from US to Shell?

GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production,

Petronet LNG appoints new chairman

India’s largest importer of the chilled gas Petronet LNG has appointed Kapil Dev Tripathi, Secretary, Ministry of Petroleum and Natural gas as Chairman and Director on the Board of the company.

British Columbia Signs LNG Deal with Petronas

B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural

Software Solutions

LR Establishes Applied Technology Group

Lloyd’s Register establishes the Applied Technology Group, centered around the activities of Martec Limited   The Applied Technology Group (ATG) describes is

SSI to Showcase New Software at Nor-Shipping

SSI informs it will showcase the latest versions of its CAD/CAM software, ShipConstructor and EnterprisePlatform, at Nor-Shipping 2015, June 2-5. SSI CEO Darren

Globavista Launch Software Product Update

Globavista drives greater efficiency in vessel fleets by providing enhanced operational intelligence to fleet managers with new software product updates, the developer announced.

Mergers & Acquisitions

Ferry Firm DFDS Looks to Expand

Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

Hanøytangen Deal Reached – Again

Agreement concluded for the sale of Hanøytangen; new ownership takes over as from today   Bergen Group has reached an agreement with Semco Maritime on sale of

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Sonar
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: 0.3835 sec (3 req/sec)