Trelleborg Offshore UK announces management buyout
Published by Sarah Smith,
Assistant Editor
Energy Global,
Trelleborg Offshore UK Ltd announced yesterday a management buyout of the UK, Skelmersdale-based business from the parent Trelleborg Group with financing provided by Praetura Corporate Finance.
New owners, Alan Burgess and John Drury, expect that the buyout will renew focus and improve performance towards the company’s key customers in the oil and gas and offshore renewables sectors, delivering class-leading subsea buoyancy and bend protection solutions.
In a nod to its pre-Trelleborg roots, the new business will be re-named CRP Subsea Limited.
For more news and technical articles from the global renewable industry read our latest issue of Energy Global magazine.
Energy Global’s Winter 2020 issue
The Winter issue of Energy Global provides a range of technical articles covering technological advancements and future outlooks in the renewables sector, from companies including CorPower Ocean, Rystad Energy, Black & Veatch, Voltalia, FUERGY, and more.
Read the article online at: https://www.energyglobal.com/special-reports/03032021/trelleborg-offshore-uk-announces-management-buyout/
You might also like
Watson Farley & Williams advises Eavor on investment to build commercial scale geothermal project
Watson Farley & Williams has advised Eavor Erdwaerme Geretsried GmbH on a €350 million investment to build its first commercial scale Eavor-Loop geothermal project in Geretsried, Bavaria, Germany.