- Markets
- Oil and gas
- Marine
- Nuclear
- Defence
- Transport and infrastructure
- Renewable energy
- Ports and terminals
- Construction
- Services
- Inspection and monitoring
- Lifting and handling
- Marine services
- Mooring and fendering
- Nuclear equipment and services
- Offshore support
- Design and engineering
- Submarine rescue
- Subsea
- Investors
- Share price summary and chart
- Major shareholders
- Financial information
- Board of Directors
- Advisors and registrars
- Our strategy
- Business model
- AGM information
- Investor news (RNS)
- Governance and CSR
- Investor relations contact information
- Condition monitoring
- Construction plant productivity and safety
- Geotechnical monitoring
- Hull stress monitoring
- Intelligent Fender System™
- Load cells
- Marine safety systems
- NDT inspection services
- Nuclear plant characterisations
- Offshore safety systems
- PyroSentry™
- Radiation detection equipment
- Strain rings
- Structural monitoring
- Vessel Motion Monitoring System™
- X-ray inspection systems
- Container Weight System™
- Crane overload monitoring
- Hose and umbilical reelers
- Lifting equipment
- Load links
- Load shackles
- Marine cranes
- Winches and hoists
- Fuels infrastructure
- Mermaid®
- Offshore personnel
- Offshore support vessel
- Offshore Wind Management System®
- Ship management services
- Ship-to-ship transfers
- Ship-to-Turbine™
- Shoreside support
- Surface preparation
- Vessel chartering
- Wind turbine blade inspections
- Anchor and chain monitoring
- Deck and mooring equipment
- Docking systems
- Fendering
- Flotation
- Line tension monitors
- Mooring load monitoring
- Quick release mooring
- Tendon tension monitoring
- Towing hooks
- Towing load monitoring
- Building infrastructure and services
- Containerised systems
- Engineered containments
- Manipulators and tooling
- Mechanical and remote handling
- Radiation tolerant equipment
- Remote inspection systems
- Safety and control systems
- Shielded equipment and facilities
- Trials, training and simulation
- Artificial lift
- Compressors and breathing air compressors
- Centrifugal and positive displacement pumps
- Heat suppression
- Offshore equipment
- Offshore pipeline services
- Steam generators
- Safety slick joint
- Safety bails
- Well test support
- Aerospace engineering
- Fabrication
- Hazardous area design and engineering
- Marine projects
- Mechanical and electrical design
- Specialist engineering design
- Specialist structures consultancy
- Atmosphere sampler
- ELSS pods and bags
- Equipment assessment and support
- Flyaway ROV systems
- Inflatable freeboard extender
- Intervention targets
- James Fisher Submarine Rescue Service
- LR5 manned submersible
- Submarine escape training tower
- Submersible mating targets
- Subsea operations training
- Transfer under pressure systems
- Dive equipment
- Diving services
- Remotely operated vehicles (ROVs)
- Salvage
- Subsea excavation
- Subsea engineering
- Containerised deployment solutions
- Launch and recovery systems
- SEAL pod swimmer delivery vehicles
- Special operations consultancy
- Special operations training
- Company reports, accounts and presentations
- Dividend centre
- Financial calendar
- Five year record
- Sector review
- Committees
- Risk management and internal controls
- Business ethics, anti-bribery and corruption policies
- Modern slavery act transparency statement
- Gender pay report
- Tax strategy
- Health and safety, safety performance and environment
- Employees
- The Sir John Fisher Foundation
- 2018 half year results
- Strainstall partners with Baker Hughes (BHGE) in a pioneering product development project
- JFMS wins £50m integrated marine services contract by global energy firm
- James Fisher's 2017 preliminary results
- Archive
- Installing BridgeStrike monitoring system for London Underground
- Flavio terminal supplied with SOLAS compliant, CWS fitted reach stackers
- Strainstall's CWS installed on all DP World Southampton straddle carriers
- StressAlert™ to enhance Gaza FSO's safety
- Archive
03 March 2015
James Fisher acquires Subtech
James Fisher announces today the acquisition of the entire share capital of Subtech Group Holdings (Pty) Ltd.
The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the Company achieving profit targets in 2015 and 2017. There is an additional profit share above target levels up to a maximum of ZAR85.0m (£4.7m) between 2015-2017.
Subtech is a South African based marine and sub-sea service provider with activities also in Mozambique, Namibia, Angola and Tanzania. The Company has a strong reputation for reliable and timely completion of marine construction projects, submarine pipeline installation and maintenance, specialised marine engineering projects, diving and salvage. They are also well positioned to take advantage of any future expansion of oil and gas activities in East and West Africa.
EBITDA (earnings before interest, taxation, depreciation and amortisation) were £0.7m in the year ended 31st December 2013 with a similar performance in 2014, subject to audit. Net assets being assumed in the transaction are £2.9m and gross assets £5.7m.
Greg Raaff, Chief Executive Officer of Subtech and his senior management team will all continue with the Company.
Nick Henry, Chief Executive Officer of James Fisher, said:
“The acquisition of Subtech broadens our presence in the growing markets around Africa. Subtech’s marine and subsea services are very complementary to our own. We are looking forward to working together with the Subtech team.”
Greg Raaff said
“Subtech is very excited and proud to be part of the James Fisher Group. With our close synergies to many of Fisher’s current services and group companies, as well as our geographic footprint, we look forward to enhancing our current market offering and to being an ideal shop front for the Group’s services into Southern Africa.”
E C Hambro Rabben and Partners has acted as corporate adviser to James Fisher and Sons plc.
