Europe, Korea and Africa opened up by alliance
Luton based Hayward Tyler has opened up major global opportunities through a joint strategic initiative with Norwegian company Eureka Pumps AS – a leading supplier of offshore kit to the oil and gas industry.
Hayward Tyler and pump supplier Eureka will jointly market combined submersible pump and motor solutions up to 2MW for the offshore oil & gas exploration sector.
The agreement follows the two companies jointly winning orders for 14 units for the Aasta Hansteen and Martin Linge projects in the North Sea valued at more than £3.5 million to Hayward Tyler. This will bring the number of Hayward Tyler submersible motor units installed in the North Sea to over 130.
The partners will also work together to provide combined aftermarket services for submersible motor units with Eureka to be the sole authorised supplier of repair services and Original Equipment Manufacturer spares for Hayward Tyler’s offshore equipment in Norwegian waters.
Ewan Lloyd Baker, CEO of Hayward Tyler, said: “The offshore top side pump market is anticipated to expand by 12 per cent annually over the next five years with significant market opportunities existing on the North Sea’s Continental Shelf as well as in Korea and Africa.
“We see the agreement with Eureka as providing a key channel for further growing our presence in the topside market in the North Sea and internationally. The orders give us further confidence of achieving our forecasts for the current financial year.”
Orders secured for new equipment will be manufactured at Hayward Tyler’s facilities in the UK with the aftermarket being serviced through the two companies international network of offices.
• PHOTOGRAPH SHOWS: Hayward Tyler CEO, Ewan Lloyd Baker