Control valve engineering specialist, Severn Glocon, has strengthened its presence in the subsea oil and gas market with the acquisition of High Pressure High Temperature (HPHT) downhole tools company, Calidus Engineering. Now renamed Severn Subsea Technologies, the company will provide research, development and test facilities to enhance Severn Glocon’s subsea valves capability.
A former subsidiary of Badger Explorer (Norway), Calidus, now Severn Subsea Technologies, is a multi-discipline engineering firm developing innovative subsea and downhole technologies for harsh HPHT environments. Severn Glocon Group is taking this strategic move in a bid to align its operations to meet future technical challenges in subsea oil and gas production. Calidus’ downhole products already developed will provide major sales opportunities with worldwide oil and gas corporations.
In addition to modelling and engineering design services, Severn Subsea Technologies’ Redruth (UK) facility has a machine shop equipped for manufacturing prototypes. The business is set to become the nucleus for the group’s subsea R&D and systems integration activity, in tandem with small-bore subsea valve firm LB Bentley’s R&D Team and the Severn Unival Brighouse Valve Innovation Centre. Severn Subsea Technologies also generates revenues from local and global clients in the oil and gas industry, as well as from the field of R&D From its West Country technology facility.
The acquisition enhances core capabilities to strengthen the group’s global positioning in the subsea market, and builds on the acquisition of LB Bentley in 2012. It also increases the scope for new subsea systems developments based on LB Bentley’s valve technology.