Regulatory Story
Go to market news section View chart   Print
Company Fisher (James) & Sons plc
TIDM FSJ
Headline

Acquisition

Released 09:00 28-Jan-2014
Number 6669Y09

RNS Number : 6669Y
Fisher (James) & Sons plc
28 January 2014
 



28 January 2014

 

 

JAMES FISHER AND SONS PLC

 

ACQUISITION OF SUBSEA VISION LIMITED

 

James Fisher and Sons Plc (FSJ.L) ('James Fisher'), the leading Marine Services business, today announces the acquisition of the entire share capital of Subsea Vision for £2.5m. Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections and construction support to the oil and gas  industry including floating, production, storage and offtake vessels. Subsea Vision adds to James Fisher's marine support services division and will report to Fendercare.

 

Based in Dorset and established in 2002, Subsea Vision currently has five ROV systems in its fleet.  Profit before tax in the year to 31 March 2013 was £0.4m. Net Assets at 31 March 2013 were £0.7m.

 

 

Nick Henry, Chief Executive Officer of James Fisher, said:

 

"The acquisition of Subsea Vision is a further step in our growth, providing niche specialist services for the offshore energy sector."

 

 E C Hambro Rabben & Partners has acted as corporate adviser to James Fisher and Sons plc

 

 

Contacts:

 

James Fisher and Sons plc

Nick Henry

Chief Executive Officer

020 7614 9508

EC Hambro Rabben & Partners

Eivind Rabben

Peter Donald

 

020 7355 4100

FTI Consulting

 

Richard Mountain

 

020 7269 7291

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQVVLBLZFFXBBF
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Acquisition - RNS