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PRIVACY
Enterprise

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Gate 7, Offshore Renewable Energy, Pattinson Estate Agency and Market Shaker Group

Artist's impression of new ORE Catapult facility at Blyth(Image: ORE Catapult)

The world’s most advanced wind turbine testing facility is to be built in the North East on the back of an £86m investment. The development at Blyth, Northumberland, comes as part of the Government investment in wind power that aims to create growth while slashing carbon emissions.

The new Offshore Renewable Energy (ORE) Catapult facility will test and certify 150m-long turbines blades, with the capacity to expand to test 180m-long blades in the future, meaning it will be able to verify the world’s longest blades. The launch of the site - which will also test the latest drive-train technology, enabling manufacturers to develop and improve their products more quickly - comes as a separate study suggests that the North East is among the top locations in the º£½ÇÊÓÆµ to cash in on expected jobs and economic growth in the green economy.

Andrew Jamieson, ORE Catapult chief executive, said: “This investment in truly world-leading capability will keep the º£½ÇÊÓÆµ at the forefront of offshore wind technology development. It will enable ORE Catapult to continue to deliver the most advanced research and development infrastructure and expertise to the offshore wind industry, capturing the jobs and economic growth from the transition to a Net Zero economy”.

Gate 7 is launching a new manufacturing plant in India(Image: Gate 7)

Tyneside manufacturer Gate 7 has expanded its global footprint by sealing a deal for a new base in India.

The Gateshead company, which makes self-adhesive labels and screen prints for construction, agricultural and industrial equipment and vehicles, was set up in 2000 and also has a base in Pennsylvania, US. The firm, which has 65 staff based in the º£½ÇÊÓÆµ and 60 in US, has now grown its global operations by launching a new 15,000 sq ft manufacturing plant in Pune, India.

Bosses said the new facility will play an integral part in Gate 7’s international growth strategy and the company is also recruiting a further 30 employees to support its broadened customer base.

Harry Wickham, managing director, said: “We are immensely proud to be opening our new manufacturing plant in India. It is a very important milestone in the Gate 7 journey as the facility will provide a gateway for us to connect with our customers across the globe and continue to grow alongside them."

Managing director of Pattinson Estate Agency, Caroline Pattinson, with founder Keith Pattinson(Image: Pattinson Estate Agency)

Growing property firm Pattinson Estate Agency made its third acquisition in six months after swooping for a County Durham-based business. The Silverlink Business Park-based company has taken over Stanley based NS Bennett Estate Agency, after owner Stephen Bennett announced his retirement. The office has become Pattinson’s 28th branch in the North East, and the company said most of the staff are transferring to the new owners.