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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

APL Introduces Felixstowe Express Service for Asia-Europe Trade

APL, part of the CMA CGM Group, has announced the launch of the Felixstowe Express Service (FEX), a new weekly service that connects the key ports of China, Europe

DP World Eyes Taiwan Port

Global marine container terminal operator DP World  will help to expand the development of Kaohsiung Port’s Terminal 7, which is owned by the state run Taiwan International Ports Corporation (TIPC),

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

LNG

Staying Afloat Down Under?

In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research.   However, the

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

VesselValue.com: $28.4B Worth of Ships Delivered to Date

As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that

Software Solutions

Servowatch to Debut New Software at SMM

Integrated ship control systems supplier Servowatch said it will use SMM to launch its new automation and control software, WINMON 9.   WINMON 9 is a singular,

Buy and Sell Vessels from a Mobile Device

The maritime software development company SDSD are launching a new web based VSnP - Vessel Sale and Purchase module, enabling Sale and Purchase brokers to buy and

Wärtsilä REvolution system takes sealing technology to New Level

The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time,

Mergers & Acquisitions

New Container Facility at Krishnapatnam Port

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking.

IOC Mulls Buying GSPC's Stake in Mundra Terminal

Indian Oil Corporation (IOC), the country's largest oil company,  is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.2004 sec (5 req/sec)