Tekmar Group Signs Exclusive Framework Agreement with Jan De Nul for TenneT's 2GW Offshore Wind Program

Tekmar lands exclusive framework with Jan De Nul for TenneT’s 2GW build-out in Germany

Tekmar Group has signed an exclusive framework agreement with Jan De Nul to engineer, manufacture and supply its 10th Generation Cable Protection System for projects within TenneT’s 2GW offshore wind programme in Germany. The company has already received the first two project awards under this framework, with work starting immediately on the first and deliveries scheduled in FY2027 and FY2028.

No contract value or volumes were disclosed, but the wording signals a multi-project pathway with a top-tier contractor on one of Europe’s landmark grid programmes. For a business focused on offshore energy asset protection, that is a meaningful endorsement and a potential growth lane.

What exactly is Tekmar supplying and why it matters

Tekmar’s 10th Generation Cable Protection System is part of its subsea protection technology suite, designed to safeguard offshore power cables as they are installed and throughout operations. In practical terms, these systems help de-risk projects, improve safety and reduce lifecycle costs – precisely the kind of kit grid operators and EPC contractors want when rolling out large-scale offshore infrastructure.

Jan De Nul’s Portfolio Director for Subsea Cables put it plainly: the choice reflects a combination of proven track record and continuous innovation. That pairing is important. Offshore grid rollouts are unforgiving on schedule and quality, and repeatability counts.

Scope, timeline and delivery milestones

The agreement is exclusive with Jan De Nul for the TenneT 2GW Programme work in Germany and already includes two specific project awards.

Counterparty	Jan De Nul
End programme	TenneT’s 2GW Programme in Germany
Scope	Engineering, manufacturing and supply of 10th Generation Cable Protection System
Framework status	Exclusive
First project	Work commenced immediately, delivery expected in FY2027
Second project	Delivery expected in FY2028
Contract value	Not disclosed
Future scope	Framework provides a pathway for multi-project opportunities

Why this announcement is strategically significant

• Exclusivity with a tier-one contractor: An exclusive framework tightens Tekmar’s relationship with Jan De Nul and can reduce competition for call-offs under the programme.
• Validation of technology: Selection of the 10th Gen CPS signals confidence in Tekmar’s engineering and delivery capability on complex, high-stakes projects.
• Visibility into medium-term workload: Deliveries earmarked for FY2027 and FY2028 create clearer loading for factories and engineering teams, even if revenue numbers are not disclosed.
• Exposure to German offshore grid build: TenneT’s 2GW Programme is a flagship rollout in Europe’s energy transition. Being embedded here can foster repeat business.
• Alignment with strategy: Tekmar’s strategy emphasises integrated, engineering-led solutions for offshore energy. This framework fits that template neatly.

Positives and the watch-outs investors should weigh

What looks encouraging

• Exclusive framework status typically indicates strong partner trust and may streamline repeat awards.
• First two projects already awarded, with work underway now. That shifts this from a pure pipeline headline to an active delivery path.
• Association with a marquee programme should support brand and future tendering.

What is not disclosed or remains to be proven

• No financials: Contract value, margin expectations, volumes and payment profiles are not disclosed.
• Revenue timing: Deliveries fall in FY2027 and FY2028, so this is not near-term revenue heavy even though work has commenced. Cash conversion cadence remains unknown.
• Execution risk: Multi-year manufacturing and supply requires tight project control and supply chain resilience. Any slippage in schedules could push recognition.

How this fits Tekmar’s wider positioning

Tekmar describes itself as an engineering-led solutions provider across Offshore Energy and Marine Civils, with capabilities spanning geotechnical design, simulation and analysis, bespoke equipment build, subsea protection and stability technologies. With nearly 40 years of experience and a global footprint across 18 locations, the group aims to optimise and de-risk projects while improving safety and lowering costs for customers.

This announcement reinforces that positioning. It is an integrated scope – engineering through to manufacturing and supply – on a high-profile offshore programme. If executed well, it should strengthen Tekmar’s case for further frameworks and larger share in subsea protection packages.

Management commentary worth noting

CEO Richard Turner highlighted both delivery capability and the multi-project pathway in Germany: “It demonstrates the confidence placed in Tekmar’s engineering expertise and delivery capability, while providing a clear pathway of multi-project opportunities in the growing German offshore wind market.”

From Jan De Nul, Harold Heeffer emphasised track record and innovation, and the benefit of securing reliable technology across multiple projects. That reads like a forward-looking intent to standardise on Tekmar’s CPS across parts of the programme.

Investor checklist – what to watch next

• Further call-offs under the framework: additional project awards, timing and any disclosed values.
• Operational milestones: manufacturing ramp plans, capacity allocation and delivery schedules into FY2027-FY2028.
• Profitability signals: any commentary on margins or cash profile tied to the framework in upcoming results or trading updates.
• Technology roadmap: continued innovation within the CPS line that could unlock broader adoption across projects.

Bottom line: a high-quality framework, medium-term delivery

This is a quality win for Tekmar in a critical European programme, with exclusivity adding heft and two awarded projects already in motion. The lack of financial detail means we cannot size the impact today, but the visibility into FY2027-FY2028 is helpful and the partner mix is strong.

Execution, schedule discipline and future call-offs will be the key drivers from here. On balance, a positive strategic step that deepens Tekmar’s role in offshore grid infrastructure – with the real financial pudding to be tasted as deliveries approach.