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:
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Cable burial risk assessments
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Installation analysis
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Specialist subsea engineering
consultancy
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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:
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Tekmar Group Plc
Richard
Turner, CEO
Leanne Wilkinson, CFO
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c/o +44 (0)20 4582 3500
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Cavendish Capital Markets Limited (Nomad and
Broker)
Peter Lynch
Neil McDonald
Pearl Kellie
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+44 (0)131 220 9772
+44 (0)131 220 9771
+44 (0)131 220 9775
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Gracechurch Group (Financial Media & Investor
Relations)
Murdo Montgomery
Heather Armstrong
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+44 (0)20 4582 3500
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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
Subscribe to further news from
Tekmar Group at Group News.
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
