Contract Award

Tekmar Group PLC

18 November 2024

 

Tekmar Group plc

("Tekmar Group", "Tekmar" or the "Group")

Contract Award

Tekmar Group plc (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce contract awards with an aggregate value in excess of £1.5m to deliver specialised offshore grouting services in partnership with EPIC (Engineering, Procurement, Installation, and Commissioning) contractors.

These projects, located in the Middle East, are with existing customers and demonstrate the value of the technical support the Group offers and the strength of relationships in place. The scope of services highlights Tekmar's market-leading grouting capabilities, an area of strategic focus and growth for the Group following a period of investment in the service line. Work on these projects has commenced and is expected to be completed in the current financial year.

Richard Turner, CEO of Tekmar Group plc, commented:

"Grouting services are a central part of Tekmar's service offering and growth strategy and we are committed to further expanding our grouting solutions to support offshore infrastructure resilience and client requirements worldwide. These contract awards highlight the customer value of our advanced grouting capabilities and also aligns with the Group's goal to drive innovation and sales growth in this critical service line."

Enquiries:

Tekmar Group plc Richard Turner, CEO Leanne Wilkinson, CFO	c/o [phone]
Cavendish Capital Markets Limited (Nomad and Broker) Peter Lynch Neil McDonald Pearl Kellie	[phone] [phone] [phone]
Gracechurch Group (Financial Media & Investor Relations) Murdo Montgomery Heather Armstrong	[phone]

About Tekmar Group plc

Tekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.

Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology. 

We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.

For more information visit: www.tekmargroup.com

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