AgileTek Engineering has completed the acquisition of Ryder Geotechnical Ltd, a provider of geotechnical design and consulting services in the offshore wind and subsea oil & gas sectors.
Ryder Geotechnical will be run as a subsidiary and will remain a separate legal entity continuing to trade under the same name from its headquarters in Newcastle upon Tyne, UK.
The buy represents AgileTek’s first and comes after the two companies worked together on several subsea cable projects, Tekmar Group said.
According to AgileTek’s parent company, the acquisition furthers the group’s strategy to acquire offshore energy businesses which have a technology focus, complementary customer bases and can help accelerate growth.
“We are constantly looking at ways to add value and provide our customers with more integrated services and geotechnical engineering complements our existing services extremely well,” said Steve Rossiter , Managing Director of AgileTek Engineering.
“In particular, we look to add Ryder’s geotechnical expertise to our existing ability to offer mechanical and electrical design of subsea power cables to reduce our client’s risk with these critical assets.”
Tekmar said that adding geotechnical engineering capability will give earlier exposure to projects and greatly increases visibility on opportunities in the market while providing the opportunity to increase overall revenues per project.
“The team at Ryder is hugely excited by this move and view it as the start of the next phase of our business journey,” said Fraser Gibson , Managing Director of Ryder Geotechnical.
“With the backing of Tekmar Group plc’s global offices and support functions, we expect to make huge strides towards our goal of becoming a global leader in geotechnical design and consulting services.”