Tekmar Group plc ( (GB:TGP) ) has provided an announcement.
Tekmar Group plc announced the receipt of the final deferred consideration payment of £0.5 million from the divestment of Subsea Innovation Limited to Unique Group, which was sold for £1.9 million in May 2024. This payment marks the completion of the transaction, potentially strengthening Tekmar’s financial position and allowing the company to focus on its core services and strategic goals in the offshore energy market.
More about Tekmar Group plc
Tekmar Group plc is a leading provider of technology and services for the global offshore energy markets. The company focuses on delivering engineering-led solutions to support offshore wind farms and other energy assets, aiming to optimize and de-risk projects while improving safety and reducing costs. With nearly 40 years of experience, Tekmar operates through its Offshore Energy and Marine Civils Divisions, offering services such as geotechnical design, engineering analysis, and subsea protection technology. Headquartered in Newton Aycliffe, UK, Tekmar has a global presence with offices and partnerships across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 91,138
Technical Sentiment Signal: Sell
Current Market Cap: £6.59M
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