Tekmar Group (AIM:TGP) announced it has been awarded a contract worth approximately €1 million for concrete protection solutions on a major European offshore windfarm project.
The AIM-listed group, which provides asset protection technology and offshore energy services, won the award from a submarine cable contractor that is already a customer. It marks the first concrete protection order from that relationship, extending Tekmar's work with the client.
Delivery is scheduled within calendar year 2026.
Under the contract, Tekmar will design and manufacture concrete protection and stabilisation solutions to safeguard windfarm cables, infrastructure whose disruption can trigger costly shutdowns and lost power generation revenue.
The company frames the win as part of Project Aurora, its initiative to integrate asset protection and offshore energy services onto a single platform for customers.
"Securing this contract marks another positive step in the delivery of our growth strategy", said chief executive Richard Turner, adding that Project Aurora "has delivered a record level of backlog to date, driving additional throughput and operational efficiencies".
Turner said the deal reflects Tekmar's ambition for its concrete solutions offer to mirror the success of its established cable protection technology business, as it broadens its reach across offshore wind and oil and gas markets.
News Intelligence what this means for the company
Tekmar has won its first concrete protection order from an existing submarine cable contractor customer—a €1m contract for offshore windfarm cable safeguarding, deliverable in 2026. The win extends a relationship and signals that Project Aurora, the company's platform integration strategy, is translating into revenue diversification; CEO Richard Turner frames it as validation of the concrete solutions business model mirroring the success of the established cable protection unit.
The contract is material relative to H1 revenue of £16.2m, representing roughly 5–6% of annualized run-rate revenue. More strategically, it demonstrates cross-sell traction within the existing customer base and validates the Project Aurora thesis—moving Tekmar beyond pure cable protection into integrated asset protection. Execution risk remains: delivery is scheduled for 2026, and the company has not disclosed profitability or margin assumptions for the concrete solutions line.
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