20th Jun 2014 06:58
LONDON (Alliance News) - James Fisher & Sons PLC Friday said it has bought monitoring, instrumentation and testing services company Testconsult Ltd for GBP8.0 million in cash, a deal that will extend the range of services offered by its own monitoring business Strainstall, particularly in international markets.
In a statement, James Fisher said Testconsult made earnings before interest, taxation, depreciation and amortisation of GBP1.4 million for the year ended March 31.
"We are delighted to welcome Testconsult into the James Fisher group and we look forward to benefitting from the enlarged opportunity which the combination of Strainstall Monitoring and Testconsult will present, expanding our activities in testing and monitoring with complementary skills, products and services," James Fisher Chief Executive Nick Henry said in a statement.
By Steve McGrath; [email protected]; @SteveMcGrath1
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