Published: 10 October 2019 10 October 2019
Tekmar Group has signed a sale and purchase agreement for the acquisition of Pipeshield International from its founder Steven Howlett. Pipeshield is a provider of subsea concrete mattresses. These mattresses are used in the protection of subsea equipment such as pipelines and power cables within all marine environments, including offshore wind, marine renewables, oil and gas and marine civil engineering.
Concrete mattresses and associated products are used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried. They are also used to limit the development of localised scour (seabed erosion) on foundations, pipelines or in marine ports.
Pipeshield currently employs 25 full time staff, most of whom are technically focused, plus circa 15 contractors supporting the manufacturing process at any one time. The business is headquartered in Lowestoft (UK) and has four patents.