The cable protection specialist will start work on the project immediately
Subsea equipment firm Tekmar has won a new contract to supply its cable protection systems, in a deal worth more than €4m (£3.3m).
The business will build its Generation 10 cable protection system and associated equipment for an unnamed European wind farm project - a move which outgoing boss Alasdair MacDonald said strengthens its position in Europe. Workers at Tekmar's Newton Aycliffe base will start on the work immediately with the cable protection systems slated to be delivered in December 2025.
News of the contract emerged on the London Stock Exchange, where in recent weeks Tekmar has announced the appointment of Richard Turner as CEO. Mr Turner joins Tekmar later this summer - a move which board members said brings to a conclusion a multi-year strategy to stabilise the £40m revenue business.
