Tekmar Group announces acquisition of Pipeshield International Ltd
Published by Aimee Knight,
Tekmar Group plc, a technology provider of subsea protection systems, has announced that it has signed a sale and purchase agreement for the acquisition of Pipeshield® International Ltd (Pipeshield) from its founder Steven Howlett.
This is the third acquisition of the group since its admission to AIM in June 2018 and is continuing the strategy to acquire offshore energy businesses with synergies that have a clear subsea technology focus, have a complementary customer base and can leverage group support while growing under the similar market demands.
The acquisition further strengthens Tekmar Group’s technology offering enabling them to offer more subsea protection in addition to current suite of products including; concrete mattresses, scour protection, pipeline crossings.
Read the article online at: https://www.worldpipelines.com/business-news/10102019/tekmar-group-announces-acquisition-of-pipeshield-international-ltd/
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