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Businesses in Wales backed for expansion
Daily Post
|November 12, 2025
Following a period of significant international growth, Barry headquartered engineering business International Power and Marine (IPM) Group has acquired Singapore-based Celt-tech Marine & Offshore (CTM).
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Having already completed over 16,000 projects worldwide and with ambitious plans to double its £27m turnover in the next five years, IPM’s latest acquisition bolsters its growing international offering across the UK, Europe, UAE, and Japan.
The new acquisition in Asia will welcome all 15 members of the CTM team to newly-formed IPM Group, and bolster IPM's ability to service the marine and offshore sectors.
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