Tekmar Group, the Newton Aycliffe-based offshore energy specialist, has been awarded a €1m contract with a leading submarine cable contractor. The company will design and manufacture concrete protection solutions to safeguard cables across a major European offshore windfarm project.
The deal represents the first order of a concrete protection solution from an existing customer, with delivery scheduled within this calendar year. Bosses said the award marks an important milestone for Tekmar, strengthening its position in the European offshore wind market and demonstrating continued momentum in its concrete solutions offering.
Project Aurora integration
In a note to shareholders, the company said the contract also reflects its development under Project Aurora, which allows customers to take better advantage of its asset protection and offshore energy services offer under one integrated platform. Under the contract, Tekmar will design and manufacture concrete protection and stabilisation solutions to safeguard cables across the windfarm, which are critical infrastructure where disruption can lead to costly shutdowns and interruption to power and revenue generation.
Richard Turner, chief executive officer of Tekmar Group plc, said: “Securing this contract marks another positive step in the delivery of our growth strategy. It reflects the ongoing success of the changes taking place within Tekmar, under Project Aurora, which has delivered a record level of backlog to date, driving additional throughput and operational efficiencies across the Company’s existing capacity.”
Financial performance
Turner added: “It is also a demonstration of the Company’s market-leading position in Asset Protection Technology, the strength of the relationships we have with customers and the progress we are making in broadening our offer to customers across the global offshore wind and oil and gas markets, with the aim of our concrete solutions offer mirroring the success of our wider cable protection technology business.”
In June, the County Durham company published unaudited interim results showing a 31% increase in revenue to £16.2m for the six months to the end of March, while operating losses fell from £2.3m in the first half of 2025 to £877,000. Losses after tax in the same period were £1.1m, compared with £2.7m previously.
The company said there had been higher orders during the half year, with a current book of £30.1m set to help second half revenue and profits.
