11 August 2016
James Fisher acquires Hughes Sub Surface Engineering Ltd.
James Fisher acquires integrated subsea service company, Hughes Sub Surface Engineering Ltd.
James Fisher and Sons plc (James Fisher) today announces the acquisition of Hughes Sub Surface Engineering Ltd (Hughes SSE) - a specialist diving, subsea and marine project company.
The acquisition further enhances James Fisher's existing subsea activities and, through the combination of complementary capabilities, creates a comprehensive portfolio of services focused in the oil and gas, marine renewables, power generation and marine civil engineering sectors.
The expanded service offering enables customers to achieve further supply chain optimisation and reduce contractual interface risks. The combination of assets, resources and locations will support project mobilisations at key strategic locations around the UK coast, delivering improved responsiveness and reduced costs.
Nick Henry, CEO of James Fisher explained;
"The operations of Hughes Sub Surface are complementary to those of James Fisher and, combined, they will broaden our range of services to the market, particularly to the renewable energy industry offshore. We are delighted to welcome all our new colleagues to the group and look forward to working with them."
Ian Hughes, managing director of Hughes SSE said;
"I'm delighted that Hughes is joining the James Fisher group. The opportunity this affords us, to increase the scope and scale of the projects we undertake for customers through access to the group's wider resources, is huge."
For more information on the acquisition, please read our Hughes SSE financial news release.