North Tyneside subsea specialist Soil Machine Dynamics has unveiled plans to open two bases in the region as it targets £100m turnover by 2025.
New jobs, a dedicated research and development site and a customer service centre are among the plans from Soil Machine Dynamics (SMD), the global subsea robotics and engineering business based in Wallsend. The firm’s chairman Mike Jones says the firm is looking to almost double turnover from £58m to £100m, leading to it setting ambitious recruitment targets, as well as plans to expand its innovation and services arms with the two new facilities.
Mr Jones said: “We have been around for over 50 years now and have weathered many storms including the dot com crash and more recently, the pandemic. What has helped our continued growth has been our focus on innovation and that has undoubtedly been because of our talented people.
