Why invest in Tekmar?

Tekmar is a leader in offshore protection and stabilisation solutions, offering cutting-edge technologies and expert engineering services that underpin some of the most challenging projects in the offshore energy and marine sectors.

Our engineering and technical excellence sets us apart

  • No one else does what we do: Tekmar has 40 years of experience in the offshore energy sector, with an unrivalled track record of delivering over 100,000 subsea stabilisation products and 10,000 CPS systems across more than 120 projects in 25 countries. 
  • Protection and stabilisation technologies: We provide advanced subsea protection and stabilisation solutions, enabling our customers to optimise their projects while reducing risks, improving safety, and lowering costs.
  • Engineering services: Tekmar’s expertise spans the entire project lifecycle, from initial feasibility studies to Operations & Maintenance (O&M), delivering tailored solutions for offshore wind, oil and gas, and marine infrastructure, supported by over 340,000 engineering hours delivered to date.
  • Pioneers and pedigree: With decades of experience, Tekmar is a trusted partner for Energy Companies, Tier 1 Contractors and Cable Manufacturers worldwide, with a reputation for innovation, reliability, and technical excellence.

Favourable Markets

Tekmar operates at the intersection of several high-growth industries, each benefitting from strong, long-term market fundamentals.

Offshore wind

As governments and industries move towards net zero carbon emissions, offshore wind is a critical component of the energy transition, providing significant opportunities for Tekmar’s market-leading solutions.

  • 2023 saw a record Final Investment Decision (FID) in global offshore wind, while 2024 looked to go even further. In addition, cable manufacturers are experiencing record high backlog. Both represent highly positive market indicators alongside the global outlook to achieve 258GW by 2030 (from 74GW).

Offshore oil and gas

Tekmar’s proven technologies and expertise provide essential support for secure and reliable subsea infrastructure in this vital energy market. With oil and gas companies increasingly investing in renewable energy projects, they are establishing themselves as key players in the energy transition, leveraging their resources and expertise to drive the shift toward sustainability.

  • By 2028, oil and gas OPEX and CAPEX investment is projected to reach $21.6 billion, highlighting the sector’s continued importance in balancing energy security with the transition to cleaner energy sources.

 

Marine civils

The marine civil engineering and port infrastructure sectors are experiencing significant growth, driven by increasing global trade, rising maritime activities, and substantial investments in port modernisation and expansion.

Tekmar’s protection and stabilisation solutions deliver proven benefits in these challenging environments.

  • The Marine and Ports Construction Market is projected to grow from $66.7 billion in 2024 to $70.99 billion in 2025. By 2029, it is expected to reach $92.16 billion, with a compound annual growth rate (CAGR) of 6.4-6.7%.
  • The Ports Infrastructure market was valued at $148.1 billion in 2020, it is anticipated to reach $243.1 billion by 2030, growing at a CAGR of 4.9%.

We are focused on outperforming a growing market and are well positioned for sustained, profitable growth

Tekmar is built to thrive across offshore energy and marine sectors, combining innovation and resilience to deliver long-term success.

  • Integrated Platform: Tekmar’s integrated platform, through its business units, supports projects from the engineering stage through to manufacturing, installation support, and OEM services, providing end-to-end solutions for our customers.
  • Refreshed management team: Under the leadership of Richard Turner, our management team is driving a clear and focused strategy to deliver results.
  • Results-driven Board: Our Board, with its wealth of experience, is committed to overseeing disciplined execution and delivering value for shareholders.
  • Sound stewards of capital: A disciplined approach to building financial strength and delivering positive and growing returns on capital.

“Our focus is on growing earnings through larger and more diversified revenue streams, enhancing EBITDA margins and generating free cash flow.”

Leanne Wilkinson, CFO Tekmar Group

Our three-year strategic plan supports a step-change in Tekmar’s scale and financial strength

Project Aurora is a bold and transformative plan that will position Tekmar for growth, profitability, and resilience.

  • Order book: An expanding order backlog across offshore wind, oil and gas, and marine civil markets highlights the strength of demand for Tekmar’s technologies and services.
  • Well-run business with capacity: Operational discipline and efficient use of existing capacity ensure Tekmar is well-prepared to scale as market opportunities grow.
  • Operational gearing: Improved utilisation rates and disciplined investment are delivering enhanced profitability, positioning Tekmar for strong financial performance over the coming years.
  • Our ambitious M&A strategy drives additional scale and diversification

Tekmar’s mergers and acquisitions strategy complements our organic growth plan by targeting opportunities that strengthen our market position, broaden our product offering, and diversify into new markets and geographies.

  • Leveraging strategic capital: Our partnership with SCF provides access to £18m of capital through the Convertible Loan Note (CLN), enabling us to execute targeted acquisitions.

Key criteria for acquisitions:

  • Positive EBITDA and cash generative businesses
  • Opportunities for market consolidation
  • Complementary products and services
  • Expansion into new geographies
  • Strengthening offshore services
  • Future-facing technology and growth potential
  • “Brown to green” transition opportunities

 

“Tekmar is a business with unrivalled industry pedigree and our people bring exceptional expertise and capability. Our markets are aligned for sustained, profitable growth like never before and our strategic plan focuses on delivering record financial performance and a step-change in value for all our shareholders.”

Richard Turner, CEO Tekmar Group