Second €8m Offshore Wind Contract Award

Tekmar

18/12/2025 07:00

RNS Number : 0335M

Tekmar Group PLC

18 December 2025

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is considered to be in the public domain.

 

Tekmar Group plc

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

 

Second €8m Offshore Wind Contract Award

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, is pleased to announce that it has secured a significant contract award in excess of €8 million with an existing Engineering, Procurement and Construction (EPC) customer.

 

The scope of work comprises the supply of Tekmar's 10th Generation Cable Protection System (CPS) and associated ancillaries for a major UK offshore wind farm. Tekmar will deploy its in-house engineering expertise and holistic CPS design capabilities to deliver an optimised technical solution for the project. Subject to Final Investment Decision (FID) in early 2026, delivery will be late 2027, with revenue phased across the Company's FY26 and FY27 financial periods.

 

The contract award reflects the strength of Tekmar's relationship with this existing customer and its proven track record in delivering reliable, technically robust protection technology.

 

Richard Turner, Chief Executive Officer of Tekmar Group, commented:

"We are delighted to continue our long-standing relationship with this customer through the award of another major project. This contract reinforces Tekmar's position as the clear market leader in subsea asset protection, with our technologies protecting two thirds of the world's installed offshore wind capacity. 

 

This significant contract builds on our growing success and order book momentum, which is improving utilisation and provides longer term revenue visibility."

 

Enquiries:

 

Tekmar Group plcRichard Turner, CEO
Phil Lanigan, CFO
c/o +44 (0)20 4582 3500
Cavendish Capital Markets Limited (Nomad and Broker)Peter Lynch
Neil McDonald
Pearl Kellie

 +44 (0)131 220 9772
+44 (0)131 220 9771
+44 (0)131 220 9775
Gracechurch Group (Financial Media & Investor Relations)
Murdo Montgomery
Alexis Gore
+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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