Renewables specialist Tekmar Group has secured a contract which will see it supply its services for a wind farm off the coast of Scotland.
The Newton Aycliffe based business offers technology, services and products to customers around the world, with offices, manufacturing bases, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.
The group has now announced it has been awarded a new contract to provide grouting services for the Inch Cape Offshore Wind Farm, based off the east coast of Scotland.
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The project will see Tekmar deliver a specialist grouting solution for key offshore wind infrastructure, which it said reinforces its strategic focus on expanding its presence in this critical service area.
Grouting – in which material is used to fill voids and create connections within offshore structures – is an integral component of subsea foundation stability, and Tekmar said its capabilities in this space continue to support the safe, reliable installation of offshore energy assets.
The firm has won the work with Charles Brand, a Belfast based civil engineering business founded 190 years ago, which is the principal contractor for the Inch Cape project’s landfall works. Tekmar’s work on the project starts in September. The contract value has not been disclosed.
Richard Turner, CEO of Tekmar Group, said the award strengthens Tekmar’s growing track record in grouting and follows recent investments to expand its subsea structural services across 海角视频 and international markets.
Mr Turner said: “This contract win marks another step in our strategy to broaden Tekmar’s offshore wind service offering, particularly in grouting - an area of increasing strategic importance for the group. We are delighted to be supporting Charles Brand on a nationally significant project like Inch Cape, and we look forward to safe and successful delivery later this year.”
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The deal comes two months after Tekmar won a £5m deal for a 海角视频-based offshore wind farm project, in which it is designing and supplying its flagship Generation 10 cable protection system.
In March it said its its markets are aligned “for growth like never before” as it published full year results in which revenues were £32.8m, down on the previous year’s £35.6m, but adjusted Ebitda (earnings before interest, taxes, depreciation, and amortisation) was £1.7m, up from £600,000.
During the year, the group sold its subsidiary, Subsea Innovation Limited, in a £1.9m agreement and last week saw it receive the final deferred consideration payment of £500,000 in line with the deal.