Acquisition of Cowan Manufacturing PTY Limited

RNS Number : 1922F

Fisher (James) & Sons plc

19 February 2018

 

19 February 2018

JAMES FISHER AND SONS PLC (FSJ.L)

ACQUISITION OF COWAN MANUFACTURING PTY LIMITED

James Fisher and Sons plc ("James Fisher" or "the Group") announces the acquisition of the entire share capital of Cowan Manufacturing PTY Limited ("Cowan") for consideration of A$2.6m (£1.5m) in cash.

Cowan, based in New South Wales, Australia, is recognised worldwide for its leading role in the design, manufacture, installation and in-service support of transportable recompression chamber systems and other life support equipment for the Australian navy and wider international defence market.

Nick Henry, Chief Executive Officer of James Fisher, said: "The acquisition of Cowan broadens the Group's offering to the Australian navy and further enhances our capability within the defence and commercial diving sectors. We are delighted to welcome the Cowan team to the Group."

EC Hambro Rabben & Partners has acted as corporate adviser to James Fisher and Sons plc.

Contacts:

James Fisher and Sons plc	Nick Henry	Chief Executive Officer	020 7614 9508
EC Hambro Rabben & Partners	Eivind Rabben Peter Donald		020 7355 4100
FTI Consulting	Richard Mountain		0203 727 1340

 

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