Customer demand drives cable firm WIND to take stake in Tricore
Subsea cable services company WIND has acquired a major stake in UK-based technical services firm Tricore in answer to customer demand, the company says.
WIND said the investment was driven by demand from customers for more integrated services from a single supplier, and has now added cable testing, termination, fault finding and repair capabilities to its existing operations.
The company already provides cable transport and storage, carousel rental, logistics and marshalling, equipment supply, cable recovery and offshore project support.
The deal expands WIND’s coverage of the cable lifecycle, with Tricore also providing QA/QC, commissioning and technical project support to offshore wind, power and wider energy projects. Its digital services include digital twinning and software solutions.
Tricore supplies specialist engineers and project teams to developers, cable manufacturers and contractors. Its technical services cover both high-voltage and fibre-optic cable systems, including testing, termination, fault finding and repair.
“Joining forces with WIND represents a significant milestone for Tricore and an exciting opportunity for our people, clients and partners,” said Tricore managing director Paul Bass. “By combining our expertise and services with the broader capabilities within the WIND Group, we are bringing together specialist knowledge, experience and innovation. This will allow us to develop new and integrated solutions that make projects safer, more efficient and easier to deliver, while creating even greater value for our clients across the offshore and energy markets.”
The companies said the combined capabilities will be used to develop integrated services covering cable projects from manufacturing through to final connection.
Dutch firm WIND operates across Europe, Asia and the US, providing cable logistics, storage, transport, recovery and offshore support. Tricore is based in the UK and works on energy and infrastructure projects in the UK and internationally.