Tekmar Group Aquires Subsea Innovation

Tekmar Group plc, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that it has today signed a sale and purchase agreement for the acquisition of Subsea Innovation Ltd. The Proposed Acquisition is subject to shareholder approval.

The proposed acquisition represents the Group’s first transaction since its successful AIM admission in June 2018, launching the Group’s strategy to acquire offshore energy businesses which have a clear technology focus, have complementary customer bases and can leverage Group support. Subsea Innovation, which currently operates largely in the global oil and gas market will bring world-class engineering in the design,... ... More: Official Press Release Tekmar Group

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Tekmar, Subsea Innovation, subsea, cables, pipes, offshore, aquisition