TP Group wins deal with shipbuilding contractor

TP Group, the specialist services and engineering group, has been awarded a contract from a shipbuilding company in South East Asia.

Under the £1.9m agreement, which is expected to be delivered over a two-year period, TP Group will provide submarine life-support systems. They are set to be built by TPG Maritime at its manufacturing and engineering centre in Portsmouth.

Phil Cartmell, chief executive, said: “We are very pleased to be working with this new South East Asian based tier-1 customer.

“The contract builds on TPG’s longstanding successes in the region, as announced in prior years, and further strengthens our presence in this strategically important market.”

TP Group is listed on the AIM market of the London Stock Exchange. The company is based in Farnborough and has operations in Slough, Portsmouth, Greater Manchester and Cheshire.

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