Credit: Trelleborg
Sweden-based engineering group Trelleborg said Monday it had signed an agreement and finalized the divestment of its offshore oil and gas operation in Skelmersdale, England. The company is part of the overall offshore operation in the Businesses Under Development reporting segment. The buyers are individuals holding senior positions in the U.K. offshore business being sold. The divestment is part of Trelleborg’s strategy to focus on selected market segments, Trelleborg said.
According to Trelleborg, the divested company had annual sales of approximately SEK 580 million (around $68,56 million) in 2020.
The company Trelleborg sold develops and manufactures products ranging from subsea buoyancy modules, which are used for offshore installations, to bend stiffeners, cable protection and bend restrictors, used to secure, guide and protect subsea cables from excessive movement.
Trelleborg divests U K offshore oil and gas operation rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
Trelleborg Launches IntelliStok(R), a Parts Management System that Makes Stocking More Efficient and Safer saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
Trelleborg Sealing Solutions: Trelleborg Launches IntelliStok(R), a Parts Management System that Makes Stocking More Efficient and Safer
®
in Canada and the United States. IntelliStok
® is a wireless vendor-managed inventory solution that eliminates the need to manually check and scan inventory, potentially saving thousands of dollars each year.
Designed to work with Kanban-based rack and bin systems, IntelliStok
® fits existing bins without requiring modification. Once installed, the wireless advanced delivery solution completely automates the ordering process by utilizing sensors to perform regular inventory checks. When stock needs to be replenished, the system automatically sends secure orders to Trelleborg, reducing inventory management and purchasing costs.
Trelleborg Launches IntelliStok(R), a Parts Management System that Makes Stocking More Efficient and Safer tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.