01 August 2016
James Fisher acquires Lexmar.
James Fisher has acquired the entire share capital of Lexmar Engineering Pte Limited and Lexmar Sat Systems Pte Limited (together 'Lexmar').
The specialist provider of diving equipment will become part of JFD and will enhance JFD's saturation diving capability and offering. Together JFD and Lexmar will improve the regional support and capability to defence markets within the Asia Pacific region.
Lexmar was founded in 1996 in Singapore and specialises in the design and manufacturing of In-built and Modular Saturation Diving Systems, and is an established provider of diving equipment and services to the offshore industry.
The business, complementary to JFD’s specialist technical division, is currently completing three 18 man twin bell saturation diving systems. They are currently in the process of undertaking installation and commissioning in China and will commence the third system in Singapore early 2017.
The inclusion of Lexmar as part of JFD improves the company’s capability and offering of specialist diving equipment services to the Asia Pacific market, enhances the production capacity and customer support in this area, as well as strengthening our support to the Singaporean Navy for all activities related to submarine rescue.
Giovanni Corbetta, JFD’s MD, commented:
“We are delighted to welcome Lexmar to the JFD family and are excited at the opportunities this presents us, particularly within the Asia Pacific region. The addition of Lexmar brings JFD to the forefront of diving equipment capability and saturation diving systems offering and support and will further strengthen our vision to support our clients’ core operations by offering market leading technology solutions and world class support.”
Marieke Barker, Lexmar’s CEO, added:
“We are very happy to become part of the JFD family as this acquisition provides unique opportunities to grow. Lexmar has come a long way and we are proud and thankful of what we have accomplished and ready to go to the next level with JFD. Together we are strong!”
JFD are currently completing two saturation diving systems and commissioning is underway in both Norway and Baku. With a track record spanning the last 35 years, the company’s track record shows more than 100 systems built.
For more information on the Lexmar acquisition, read James Fisher's financial release.