Tekmar Group Secures Major Middle East Contract, Shares Poised for Growth

Tekmar Group PLC (LON: TGP), a prominent provider of asset protection technology and offshore energy services, has announced a significant contract win in the Middle East.

The contract, valued at over €3.5 million, involves supplying cable protection technology to a major offshore energy project, with delivery slated for June 2026.

This contract marks Tekmar's largest polyurethane cable protection deal to date with this particular client, a leading global oilfield services provider.

The increasing contract value reflects the client's growing confidence in Tekmar's ability to handle larger, more complex projects. This development signals a strengthening relationship and potential for future collaborations.

The award reinforces Tekmar's position as a trusted leader in asset protection technology, backed by a solid track record of successful project deliveries for major customers.

This reputation is crucial for securing future contracts and maintaining a competitive edge in the offshore energy sector.

Richard Turner, CEO of Tekmar, highlighted the importance of this win, noting, “This award highlights our continued growth in the Middle East and the confidence customers place in Tekmar's proven technology and engineering expertise.

“We are seeing strong momentum in regional demand for cable protection, following the $10 million Middle East contract announced in September. Through a combination of innovation, proven performance, and customer focus, Tekmar continues to be recognised as the partner of choice for protecting the world's most critical offshore assets.”