16th Aug 2021 14:02
Tekmar Group PLC - Darlington-based offshore energy industry services - Signs memorandum of understanding with DeepWater Buoyancy Inc, a US state of Maine-based producer of subsea buoyancy products for the oil and gas industry, to enhance the range of products and services both companies offer to the offshore wind industry. They will offer a package of "geotechnical assessment and engineering analysis, cable and mooring system design, cable protection and stabilisation solutions, cable buoyancy, and mooring line buoyancy." The deal strengthen's Tekmar's presence in US fixed offshore wind, "an emerging but increasingly important market", company says.
Current stock price: 51.89 pence, up 3.8% on Monday
Year-to-date change: down 22%
By Ivan Edwards; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Tekmar Group