Aycliffe-based Tekmar Group has revealed it has completed the acquisition of Ryder Geotechnical.
AgileTek Engineering, part of the Tekmar Group, has acquired the firm from Fraser Gibson and Nigel Jeremy Martin.
Ryder Geotechnical, founded by Fraser Gibson in 2016, provide expert geotechnical design and consulting services in the offshore wind and subsea oil and gas sectors.
Adding geotechnical engineering capability will give Tekmar Group earlier exposure to projects and greatly increases visibility on opportunities in the market, whilst also providing the opportunity to increase overall Group revenues per project.
The new combination of Ryder Geotechnical services with AgileTek Engineering will deliver value to both company’s existing clients by enabling them to deliver combined scopes. The move also comes after Ryder and AgileTek worked together on several high-profile subsea cable projects, with global clients including Ørsted, Global Maritime and Seaway Offshore Cables.
The acquisition furthers the Group’s strategy to acquire offshore energy businesses which have a clear technology focus, have complementary customer bases and can leverage Group support to accelerate growth.
Tekmar CEO James Ritchie said: “We are delighted to welcome Fraser, Nigel and the team to become part of the Tekmar Group family.
“The business brings a valuable skill set which will open new doors, as well as providing earlier access to projects and expanding revenue streams throughout the project lifecycle.”
“We expect Ryder to benefit from Tekmar Group’s trusted name in the global energy market, opening up sales opportunities for the business.
“We continue to add value with regards to the protection of subsea assets and it is of strategic value to know as much as possible about seabed conditions for projects being executed across the Group.”
London-based AgileTek Engineering is one of Tekmar Group plc’s four primary operating companies, in addition to Tekmar Energy, Subsea Innovation and now Ryder Geotechnical Limited.
• Pictured above (left to right): Fraser Gibson, Steve Rossiter, James Ritchie, Nigel Martin.