Trelleborg Divests Offshore Oil & Gas Operation in the US
a new owner that we know well and who wants to continue developing operations,” said Peter Nilsson, President and CEO of Trelleborg.The move comes after Trelleborg divested the majority of its U.S. offshore oil and gas operations in 2021.The divested operation, which is part of the Trelleborg Industrial Solutions business area, reported annual sales of approximately SEK 30 million (US$2.9 million) in 2022, Trelleborg said.The divestment will contribute positively to cash flow but entail a non-cash capital loss of approximately SEK 90 M (US$8.6 million), which will be recognized as a nonrecurring
Trellborg Gains Crogenic Technology
Global engineering group Trelleborg has signed and finalized an agreement which will see its Trelleborg Industrial Solutions business area acquire cryogenic hose system technology from SBM Offshore, a company in floating production and mooring systems. According to Trellborg, thistransaction will enable the company to accelerate and strengthen its offering in the supply of equipment for the floating liquefied natural gas (FLNG) market. Mikael Fryklund, President of the Trelleborg Industrial Solutions business area, commented, “An increasingly popular choice in the offshore oil and gas sector