Autumn / Winter 2021

Group divestment to focus on core markets

In line with a group-wide strategy to focus on core markets which deliver sustainable, profitable growth, the James Fisher group has sold James Fisher Testing Services (JFTS) to Phenna Group for £5.7 million.

The sale covers the materials testing capabilities of JFTS which remain in place after the equipment and asset monitoring services arm was brought under the James Fisher Strainstall umbrella earlier in the year.

Phenna will now run the JFTS materials testing laboratories based in Warrington and Harlow, England and Portlaise, Ireland, and will continue to maintain the team of field-based technicians and engineers who deliver site-specific services to the construction industry. The new owner is expected to continue investing in JFTS and its employees, developing new opportunities through integration into the wider Phenna infrastructure business in the UK.

Eoghan O’Lionaird, CEO of James Fisher and Sons plc, explains:

‘We are committed to refocusing the James Fisher portfolio on niche sectors within our chosen markets to deliver sustainable profitable growth. In Phenna Group we have a new owner which understands the ambition and potential of JFTS and is positioned to provide it with an exciting future.’ 

Read the full press release

Search Pelican





DOWNLOAD LATEST EDITION

ARCHIVE

REGISTER

Other articles within Autumn / Winter 2021

New LNG transfer system wins approval of global en...

Fendercare Marine has conducted ship-to-ship (STS) transfers of liquified natural gas...

Sofia-so-good: UXO and archaeology progress

JF Renewables has completed the first part of a two-phase contract to investigate une...

ROVs continue Sellafield legacy ponds clean-up

James Fisher Nuclear has successfully secured a 12-month extension in March to its lo...

Group divestment to focus on core markets

In line with a group-wide strategy to focus on core markets which deliver sustainable...

Major new software release accelerates marine digi...

James Fisher Mimic (JFM) has launched a significant upgrade to its condition monitori...

Volunteers help create a living landscape at Pitsc...

15 members of the RMSpumptools team spent a day out of the office in November giving ...

Under the surface with Mohan Jayaram

We meet Mohan Jayaram, marine and technical director at Fendercare Marine, who is spe...

A shining light on Bristol's iconic landmark

The Clifton Suspension Bridge in Bristol dramatically illuminated in blue light – w...

STOP PRESS | Meeting new subsea inspection challen...

James Fisher Subtech has completed a challenging subsea inspection, repair and mainte...

Steel cutting milestone for two dual fuel vessels

James Fisher Tankships is adding two new liquified natural gas (LNG) powered clean pe...

Kash Pandya joins the team

Kash Pandya has joined the James Fisher board as independent non-executive director.

Season's greetings

A few words from Eoghan O’Lionaird, Chief Executive Officer.

Charity challenge: from Hartlepool to the Eiffel T...

Two keen fitness enthusiasts embarked on a gruelling challenge earlier this month, cy...

High voltage success at Saint-Brieuc

EDS HV, working as part of James Fisher Renewables, has won a significant high voltag...

BACK TO TOP