North East offshore specialist Tekmar Group is to pool its expertise with an American business after the two signed a Memorandum of Understanding (MOU).
Newton Aycliffe based Tekmar, which provides technology and services for the global offshore energy markets, has signed the MOU with Maine based DeepWater Buoyancy Inc, a producer of subsea buoyancy products for the offshore oil and gas, energy, oceanographic, and technology companies.
Under the MOU, the companies will bring together their engineering capabilities and extensive track records in their respective fields, to boost the range of services and technologies they offer customers.
Read more: Northern Gas and Power creates 100 new jobs
The move will also help to optimise their offshore project supply chains.
The partnership is focused on the new and emerging floating offshore wind market which has a growth forecast of 10GW installed capacity by 2030.
Tekmar Group and DeepWater Buoyancy will provide greater value across the life of a floating wind project, by offering a collective package of geotechnical assessment and engineering analysis, cable and mooring system design, cable protection and stabilisation solutions, cable buoyancy, and mooring line buoyancy.
The partnership supports Tekmar Group’s organic growth strategy by strengthening its presence and manufacturing capability in the US fixed offshore wind market, an emerging but increasingly important market for Tekmar.
Most Read
The partnership also gives DeepWater with better access to the European market, where their products complement Tekmar’s offering.
Gary Howland, group sales director at Tekmar Group said: “Aligning with DeepWater Buoyancy gives Tekmar Group access to over 40 years of innovation in subsea buoyancy products. This strengthens the unrivalled service and technology capability we already offer across a subsea project’s timeline.
“The partnership supports Tekmar Group’s ambition for the global floating wind market and the US fixed offshore wind market, where we now have stateside expertise and manufacturing capability. We look forward to building a strong and rewarding relationship with DeepWater Buoyancy.”
David Capotosto, co-president and director of business development at DeepWater Buoyancy, added: “This new partnership represents both companies’ commitment to serving the rapidly growing offshore wind market and will enable us to offer a wider range of products and service solutions to our customers.
“We look forward to leveraging Tekmar Group’s vast offshore wind experience and their extensive global reach to drive the partnership forward.”