Trelleborg acquires Veyance in Brazil

Offshore staff

TRELLEBORG, Sweden – Trelleborg Engineered Systems has agreed to acquire offshore Brazil subsidiary of Veyance Technologies Inc. . Veyance produces hoses for surface and deepwater applications in Brazil.

The plant is in Santana de Parnaiba, Brazil, close to São Paulo. Trelleborg will take over the lease on the 15,000 sq m (151,460 sq ft) facility, acquire the existing equipment, and assume responsibility for the some 100 employees.

Finalization of the acquisition is expected in 1Q 2011.

03/14/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...