Offshore engineering group Tekmar says it is building a North East growth story, having raised £4m through its successful share placing.
The Darlington headquartered group - which also has facilities in Newton Aycliffe, Blyth, Newcastle, Montrose and Lowestoft - said the move was a huge vote of confidence from shareholders amidst geopolitical pressures on global markets.
Speaking to BusinessLive, Tekmar Group’s CEO Alasdair MacDonald - who personally invested £50,000 via the placing - said the company has now been positioned for growth in a global offshore wind market that’s worth an estimated £22bn.
