Tekmar Group Regulatory News (TGP)

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:

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."

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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

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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