Tekmar Group plc
("Tekmar", the "Company" or the "Group")
Contract Awards for Offshore Grouting Services
Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services globally, is pleased to announce that it has secured two significant offshore grouting contracts in Qatar, supporting subsea infrastructure Inspection Maintenance and Repair (IMR) campaigns.
The total value of these awards is approximately US$1.6 million. The combined scope includes the provision of pipeline support remediation works, utilising Tekmar's grouting services in conjunction with bespoke ROV-deployed grout bag technology. Mobilisation will commence immediately and the work is scheduled to complete by the end of October 2025.
The contracts were awarded by two existing customers, further strengthening Tekmar's position in the region. They also reflect Tekmar's continued strategic progress in developing its grouting capability as a complementary offshore service line.
Richard Turner, CEO of Tekmar Group, commented: "Grouting is a strategically important offshore energy service line for Tekmar, and we continue to invest in this area to expand our offering and grow our market share globally. Demand for these services is strong and these awards reflect the trust placed in our offshore energy services and our ability to deliver complex subsea solutions safely and efficiently."
Enquiries:
| Tekmar Group plc |
c/o +44 (0)20 4582 3500 |
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| Cavendish Capital Markets Limited (Nomad and Broker) Neil McDonald Pearl Kellie
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+44 (0)131 220 9771 +44 (0)131 220 9775 |
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| Gracechurch Group (Financial Media & Investor Relations) Murdo Montgomery Heather Armstrong |
+44 (0)20 4582 3500 |
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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