Trelleborg Acquires LNG Ship Safety Specialist
Trelleborg makes acquisition within the marine docking and mooring solutions business sector.
Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalized the acquisition of Sea Systems Technology Ltd. (“SeaTechnik”), which is a market-leading company predominantly specialized in the development of software and manufacture of emergency shutdown systems and other communications systems used when carriers transporting liquefied natural gas (LNG) berth at terminals.
In addition to developing software and manufacturing emergency shutdown and other communication systems for the safe handling of LNG in connection with carrier berthing, SeaTechnik has a relatively small but growing share of products and solutions that monitor and manage engine fuel supply in ships, the aim of which is to significantly reduce both emissions and fuel costs. Synergies and efficiencies are expected to be generated on integration of the acquired company into Trelleborg’s structure.
SeaTechnik’s head office is in the U.K. and it operates market offices in South Korea and Singapore. Annual sales 2012 are estimated to approximately SEK 55 M. The acquisition is part of Trelleborg’s strategy to strengthen positions in attractive and profitable market segments and enables the Group to broaden its product portfolio of berthing, docking and mooring solutions for harbors and ships.