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Plexus Lands Two-year Wellhead Engineering Deal with Cactus Wellhead

MT Newswires·07/20/2026 04:58:00
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04:58 AM EDT, 07/20/2026 (MT Newswires) -- Plexus Holdings (POS.L) secured a two-year contract from Cactus Wellhead to carry out engineering, analysis, and testing services for wellhead products for offshore energy use, according to a Monday release. The wellhead services company will receive an initial 1 million-pound-sterling commitment payment, secured by a debenture over all its assets. It expects to generate 1.5 million pounds in additional revenue over the contract period, with potential for more if the scope of work expands. Work will start immediately at Plexus' operational facility in Aberdeen, Scotland.