• Home
  • History
  • News
  • Business
    • Business News
    • Business Mag
  • Sport
    • Football
    • NAFC
    • Cricket
    • Durham Wildcats
    • American Football
    • Baseball
    • Rugby
    • Youth Football
  • Features
    • Blog
    • Picture Galleries
  • Community
    • A.T People
    • Services Directory
  • Video
  • Contact
  • Advertise
Aycliffe Today
Aycliffe Today
  • Home
  • History
  • News
  • Business
    • Business News
      Newcomer Ryan ‘elated’ to win Make Your Mark Award

      Newcomer Ryan ‘elated’ to win Make Your Mark Award

      Fast growth earns Small Business of the Year award for Murtek

      Fast growth earns Small Business of the Year award for Murtek

      Persistence pays off for Apprentice of the Year Matthew

      Persistence pays off for Apprentice of the Year Matthew

      Palram proud to be Aycliffe’s ‘Community Champions’

      Palram proud to be Aycliffe’s ‘Community Champions’

    • Business Mag
      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 69

      Aycliffe Business: Issue 69

  • Sport
    • Football
      Aycliffe Youthy round-up

      Aycliffe Youthy round-up

      Aycliffe stay third with 4-0 away win

      Aycliffe stay third with 4-0 away win

      Aycliffe go top with four wins from first four games

      Aycliffe go top with four wins from first four games

      Unbeaten start for Sports Club

      Unbeaten start for Sports Club

    • NAFC
      Aycliffe FC celebrate record season with club awards night

      Aycliffe FC celebrate record season with club awards night

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe boost play-off hopes with win in Leeds

      Aycliffe boost play-off hopes with win in Leeds

    • Cricket
      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

    • Durham Wildcats
      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WOLVES EDGE IT AGAINST WILDCATS

      WOLVES EDGE IT AGAINST WILDCATS

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      WILDCATS SLAY LIONS AGAIN

      WILDCATS SLAY LIONS AGAIN

    • American Football
      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS START SEASON IN STYLE!

      WARRIORS START SEASON IN STYLE!

      WOODHAM WARRIORS VICTORIOUS

      WOODHAM WARRIORS VICTORIOUS

      WARRIORS COACH TO TRAIN GB SQUAD

      WARRIORS COACH TO TRAIN GB SQUAD

    • Baseball
      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      SPARTANS UP FOR TOP AWARD

      SPARTANS UP FOR TOP AWARD

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

    • Rugby
      Aycliffe fall to heavy defeat against league leaders

      Aycliffe fall to heavy defeat against league leaders

      Aycliffe notch up another loss in local derby

      Aycliffe notch up another loss in local derby

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Aycliffe return to winning ways with hard-fought victory over Bishop

      Aycliffe return to winning ways with hard-fought victory over Bishop

    • Youth Football
      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

  • Features
    • Blog
      Covid-19 crisis update from your MP

      Covid-19 crisis update from your MP

      ‘Now we must move forward’ says MP

      ‘Now we must move forward’ says MP

      Business Advice: Cash Flow

      Business Advice: Cash Flow

      The Aycliffe Blue Blog

      The Aycliffe Blue Blog

    • Picture Galleries
      Picture Gallery: Duke of Kent visits Ebac

      Picture Gallery: Duke of Kent visits Ebac

      PICTURES: Hitachi Opening Ceremony

      PICTURES: Hitachi Opening Ceremony

      PICTURES: ROF 59 in progress

      PICTURES: ROF 59 in progress

      PICTURES: Ayclife dancers in national finals

      PICTURES: Ayclife dancers in national finals

  • Community
    • A.T People
      Spring 2015

      Spring 2015

      December 2014

      December 2014

      Aug - Sept 2014

      Aug - Sept 2014

    • Services Directory
  • Video
  • Contact
  • Advertise
  • Follow
    • Facebook
    • Twitter
    • Youtube
Tekmar Group completes acquisition of Subsea Innovation
Home
Business

Tekmar Group completes acquisition of Subsea Innovation

September 19th, 2018 Martin Walker Business 0 comments 1786

top banner

Tekmar Group has formally completed the acquisition of Subsea Innovation, which will lead to an accelerated focus on new product development as the company looks to expand its position as a global market leader.

Marking its first acquisition since its successful admission to the Alternative Investment Market (AIM) in June 2018, the purchase of Subsea Innovation significantly increases the technical of capabilities within Tekmar Group.

The acquisition is part of a rapid strategic growth strategy, which involves organic development and a programme of further acquisitions targeting offshore energy businesses that have a clear technology focus.

Based in Darlington, County Durham, Subsea Innovation undertake the design, development and manufacture of back deck equipment such as Launch and Recovery Systems for Remotely Operated Vehicles (ROVs) and emergency subsea pipeline repair clamps (EPRC).

Building on Tekmar’s reputation for ‘protecting anything under the sea’, the addition of Subsea Innovation’s pipeline protection technology adds suite of products to protect fixed pipelines.

These technology-led solutions complement Tekmar’s existing portfolio of subsea cable protection systems, which are prevalent in a number of sectors, most notably offshore wind.

Subsea Innovation has a strong presence in the pipeline market, but as yet little presence in renewables.

The plc’s CEO James Ritchie said: “When we floated on AIM we promised investors a dynamic business with a clear plan for the future.

“The Subsea Innovation acquisition is just one part of our growth plan. We are a very entrepreneurial business, and, in addition to our Mergers & Acquisitions activity, we have strong ambitions for continued organic growth.

“The addition of Subsea Innovation will enable the group to make further inroads into the global energy markets, which hold exciting prospects for the business.

“We also know that many investors chose Tekmar as a credible investment in the green energy market due to our offshore wind presence.

“Although Subsea Innovation was predominantly oil and gas, we see huge potential to also make the business a major player in the renewables market, retaining and cementing our focus as a credible long-term renewables investment.”

Dave Thompson, managing director at Subsea Innovation, said: “Subsea Innovation successfully design and build some of the largest structural pipeline repair clamps in the world.

“With Tekmar we will be proud to support our customers to remain the best in the world as we develop a range of new products in this area.”

The global offshore wind market is expected to grow at a 16% compound annual rate from 2017 to 2030, reaching a cumulative capacity of 115 GW compared with 17.6 GW today.

North East commercial law firm, Square One Law, advised Tekmar on the acquisition of Subsea Innovation.

• Pictured above (left to right): Dave Thompson of Subsea Innovation, Sue Hurst and James Ritchie of Tekmar Group with Marie-Louise Bozonet and Ian Gilthorpe of Square One Law.

 

top banner

Share it!

Facebook Twitter Google+ LinkedIn Pinterest
Next article Aycliffe woman forced to pay £260 after leaving sofas in street
Previous article Durham Police launches ‘Philomena Protocol’ to safeguard young people

Related News

Newcomer Ryan ‘elated’ to win Make Your Mark Award Business
May 30th, 2025

Newcomer Ryan ‘elated’ to win Make Your Mark Award

Fast growth earns Small Business of the Year award for Murtek Business
May 29th, 2025

Fast growth earns Small Business of the Year award for Murtek

Persistence pays off for Apprentice of the Year Matthew Business
May 28th, 2025

Persistence pays off for Apprentice of the Year Matthew

LATEST VIDEO

This week on A.T

May 30th 1:01 PM
Business

Newcomer Ryan ‘elated’ to win Make Your Mark Award

May 30th 9:22 AM
Community

Students enjoy Geordie photography trip

May 29th 9:22 AM
Business

Fast growth earns Small Business of the Year award for Murtek

May 28th 2:42 PM
Sport

Aycliffe FC celebrate record season with club awards night

May 28th 1:38 PM
Business

Persistence pays off for Apprentice of the Year Matthew

May 28th 8:39 AM
Community

Exploring sustainability: Students enjoy Florida trip

May 27th 12:55 PM
Business

Palram proud to be Aycliffe’s ‘Community Champions’

May 27th 10:22 AM
Sport

Aycliffe Cricket round-up

May 23rd 3:51 PM
News

PCC driving national efforts to increase awareness about alcohol harm

May 23rd 10:33 AM
Business

Window of opportunity leads to award win for Ralf

Recommend
Follow @AycliffeToday
  • Home
  • History
  • News
  • Business
  • Sport
  • Features
  • Community
  • Video
  • Contact
  • Advertise
  • Back to top
© Aycliffe Today 2019. All rights reserved.
Developed by Thrive