Montrose-based Tekmar Group has recently announced a significant new contract worth several million pounds. The AIM-listed provider of products and solutions for the global offshore energy sector will deliver the cable protection system for an unnamed European windfarm project. This project is set to commence immediately and is expected to be completed by December 2025. This contract highlights Tekmar’s strong engineering capabilities and their ability to address complex engineering requirements, further consolidating their position in the European offshore wind market.
Strengthening Market Position
Tekmar Group’s new contract is a testament to their robust engineering capabilities. The company has consistently demonstrated its ability to meet complex engineering requirements, optimizing and de-risking projects for their clients. This latest contract will see Tekmar delivering a cable protection system for a European windfarm, a project that underscores their expertise in the offshore energy sector. The project is set to begin immediately, with completion expected by December 2025. This contract not only strengthens Tekmar’s market position but also reflects the strong working relationships they have built with project developers and key supply chain partners.
Leadership Transition
As Tekmar Group embarks on this significant project, the company is also undergoing a leadership transition. Alasdair MacDonald, the current CEO, will soon step down from his role. He will be succeeded by Richard Turner, the former boss of Geoquip Marine. Turner, who will join Tekmar in September, brings with him a wealth of experience in the offshore energy sector. His track record of driving profitable growth in previous roles at BEL Valves and JDR Cable Systems positions him well to lead Tekmar through this new phase of growth. This leadership change is expected to bring fresh perspectives and drive further success for the company.
Future Prospects
The new contract and leadership transition mark a significant milestone for Tekmar Group. The company’s ability to secure such a major contract highlights their strong market position and engineering prowess. With Richard Turner at the helm, Tekmar is poised for continued growth and success in the offshore energy sector. The project, which will be delivered by December 2025, is expected to further consolidate Tekmar’s position in the European offshore wind market. As the company looks to the future, they remain committed to delivering high-quality solutions and maintaining strong relationships with their partners.
