Subsea cabling specialist Tekmar has secured a series of contract wins worth a combined £10m for its cable protection products and deck equipment.
The North East firm, which is considering a takeover offer, told the London Stock Exchange that its Pipeshield International Limited and Subsea Innovation Limited businesses would deliver the contracts, which includes work in the Middle East, and an order for a launch and recovery system.
The Middle East work will be delivered in the first half of this year with products manufactured at Pipeshield's regional supply bases in Damman and Doha. The contracts - worth a combined £8m - include the design, manufacturing and supply of concrete sleepers, concrete mattresses and other equipment.
