A Peterlee-based company that has made its name as a leader in the subsea sector is looking ahead to yet more growth with the help of a second investment from UKSE, the Tata Steel business-support subsidiary.
Wavecon Ltd designs and manufactures subsea connectors and cable harnesses for remotely operated vehicles used by offshore operators in the oil, gas, renewables and other industries.
Demand for its subsea product range increased significantly during 2024 when the company introduced its metal shell electrical and fibre connector range to the market. Fully designed and manufactured in-house, these connector ranges enhance stock management resulting in competitive pricing and lead times. The range now accounts for more than 50% of its revenue.
