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British submarine cable protection system provider Tekma intends to list on the Growth Enterprise Market of the London Stock Exchange

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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A few days ago, Tekmar Group, a supplier of submarine cable protection systems in the United Kingdom, said it plans to list on
the Growth Enterprise Market of the London Stock Exchange.

British submarine cable protection system provider Tekma intends to list on the Growth Enterprise Market of the London Stock Exchange

Tekmar said the company has the potential to accelerate growth
in the expanding offshore wind market.
Citing Westwood Global Energy's forecast, global offshore wind capacity is expected to increase from 17.
1 GW in 2017 to 102.
7 GW
in 2026.
According to the announcement, Tekmar benefits from long-term visibility
into potential offshore wind farm projects.

In addition to the offshore wind farm segment, Tekmar has a subsea division that provides subsea protection
for umbilicals and flexible pipes for the oil and gas market.
For the year ended 31 March 2018, the Tekmar Group generated revenue of £21 million and adjusted EBITDA of £4.
9 million
.

James Ritchie, CEO of Tekmar, said: "Entering GEM will further enhance our image and brand recognition across various industries and enable us to implement our strategy
of growth in existing and emerging markets and regions.
”

Tekmar is expected to begin trading
on the London Stock Exchange this month.

，

A few days ago, Tekmar Group, a supplier of submarine cable protection systems in the United Kingdom, said it plans to list on
the Growth Enterprise Market of the London Stock Exchange.

Listed

British submarine cable protection system provider Tekma intends to list on the Growth Enterprise Market of the London Stock Exchange

Tekmar is expected to begin trading
on the London Stock Exchange this month.

，

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