Hydro Group plc, has been awarded the Queen’s Award for Enterprise: International Trade.
The Awards acknowledge exceptional businesses across the U.K., celebrating the cream of the country’s entrepreneurs and innovative minds. Open to almost all UK-based businesses, the International Trade category recognizes those who have demonstrated substantial international growth in overseas earnings and commercial success within their sector.
Widely recognized as the market leaders in creating innovative and bespoke engineered cable/connector assembly solutions for subsea applications, Hydro Group has employed a consistent strategy of international growth for over 30 years.
The streams that make up Hydro Group – Hydro Bond Engineering and Hydro Cable Systems – are supported by Hydro Group’s Singapore-based division Hydro Group Asia (launched in 2015), and Hydro Group Systems, which launched in North America in 2017.
Commenting on the award, Hydro Group Managing Director Doug Whyte said: “Since inception, investing in the establishment of new territorial markets has been critical to Hydro Group’s vision. The launch of Hydro Group Asia and Hydro Group Systems has driven our international operations to the next level, resulting in on-the-ground client support, which has driven a significant increase in overseas business.
“This has allowed us to focus efforts on further international growth, and the past 24 months have seen Hydro Group successfully develop new strategic partnerships in Australia, Denmark, Turkey, Vietnam, China, the Philippines and Indonesia.
“To receive recognition in the form of a Queen’s Award is a succinct illustration of the commitment the Hydro Group team has brought to the company’s international ambitions; we accept the honor with the utmost appreciation and pride.”
Hydro Group will be presented with a Grant of Appointment scroll by Aberdeen City’s Lord-Lieutenant, with representatives of the company attending a royal reception later in the year.