REG - Tekmar Group PLC - Three-Year Framework Agreement

TekmarAnnouncement

18/02/2025 07:15

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RNS Number : 4288X  Tekmar Group PLC  18 February 2025

Tekmar Group plc

("Tekmar", the "Company" or the "Group")

 

Three-Year Framework Agreement

 

Tekmar Group plc (AIM: TGP), the leading provider of technology and services
for the global offshore energy markets, is pleased to announce that its
subsidiary RYDER, has been awarded a three-year framework agreement by Nexans
S.A. ("Nexans") (EPA: NEX), a global leader in the design and manufacturing of
cable systems and services.

 

Under the framework, RYDER will provide a wide scope of critical engineering
support to Nexans and its associated offshore wind projects worldwide,
including:

 ·    Cable burial risk assessments
 ·    Installation analysis
 ·    Specialist subsea engineering consultancy

Richard Turner, CEO of Tekmar, commented: "We are delighted to strengthen our
relationship with Nexans through this agreement. This opportunity reflects our
expertise and our ability to deliver high-quality engineering support and our
skilled team is committed to providing innovative, high-quality solutions that
support the success of Nexans' projects. We look forward to delivering value
under this framework over the next three years."

 

Enquiries:

 

 Tekmar Group Plc                                              c/o +44 (0)20 4582 3500
 Richard Turner, CEO

 Leanne Wilkinson, CFO

 Cavendish Capital Markets Limited (Nomad and Broker)          +44 (0)131 220 9772
 Peter Lynch

                                                             +44 (0)131 220 9771
 Neil McDonald

                                                             +44 (0)131 220 9775
 Pearl Kellie

 Gracechurch Group (Financial Media & Investor Relations)      +44 (0)20 4582 3500

 Murdo Montgomery

 Heather Armstrong

 

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 (http://www.tekmargroup.com/)

Subscribe to further news from Tekmar Group at Group News
(http://eepurl.com/cN91l5) .

 

About Nexans

For over a century, Nexans has played a crucial role in the electrification of
the planet and is committed to electrifying the future. With approximately
28,500 people in 41 countries, the Group is paving the way to a new world of
safe, sustainable and decarbonized electricity that is accessible to everyone.
In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a
leader in the design and manufacturing of cable systems and services across
four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry
& Solutions. Nexans was the first company in its industry to create a
Foundation supporting sustainable initiatives, bringing access to energy to
disadvantaged communities worldwide. The Group is recognized on the CDP
Climate Change A List as a global leader on climate action and has committed
to Net-Zero emissions by 2050 aligned with the Science Based Targets
initiative (SBTi).

For more information, please visit www.nexans.com (http://www.nexans.com)

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