Tekmar Group announces acquisition of Pipeshield International Ltd
Published by Aimee Knight,
Editorial Assistant
World Pipelines,
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/contracts-and-tenders/10102019/tekmar-group-announces-acquisition-of-pipeshield-international-ltd/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
