Acquisition

Fisher (James) & Sons PLC
02 October 2007



2 October 2007


               JAMES FISHER ACQUIRES PUMP TOOLS LIMITED FOR £7.7M 


James Fisher and Sons plc ('James Fisher' or FSJ.L) the UK marine services
company, announces the acquisition of Pump Tools Limited ('Pumptools') for
£7,700,000 in cash.  Pumptools is estimated to have a minimum of £400,000 of
cash in the company at completion.  The consideration is being funded from James
Fisher's existing debt facilities.


Pumptools designs and manufactures specialist downhole tools and systems for the
extraction of oil, typically using electrical submersible pumps ('ESP').  The
company has developed a range of innovative systems and downhole products,
building on a core of field proven ESP Dual systems, bypass systems, wireline
and tubing string tools.  The company, which is based in Aberdeen and has 21
employees, sells its products and provides operational support to oil operators,
ESP manufacturers and oil service companies with a wide geographical reach.


The acquisition is complementary to the Group's existing electrical penetrator
business undertaken by Remote Marine Systems, with many clients and past
projects in common. Pumptools will become part of James Fisher's growing
Specialist Technical Services Division.


Pumptool's unaudited pre tax profits for the year ended 31 September 2006 were
£838,378 (post tax £580,061) and its gross assets at that date were £2,021,075.
The two founders of the business, Stan Foster-Rooke and Paul Shotter, will
remain with the company, as will Andrew Leitch whose company, Strata Oil Tools
Ltd, was purchased by Pumptools in November 2005.


Tim Harris, Chairman of James Fisher, said:

'Given its complementarity to Remote Marine Systems, Pumptools is an excellent
addition to our Group and allows us to benefit from the growing trend to extend
the life and increase the production of oil fields. On the strength of its
innovative products, this niche company has grown fast and is well respected in
its specialist sector.'


Stan Foster-Rooke, Managing Director of Pumptools said:

'We have been very pleased with the customer response to our market leading
products and the company has now grown to a point where it will be better served
within a larger group with the backing to support future growth. My colleagues
and I look forward to developing the business and our product range together
with Remote Marine Systems.'



EC Hambro Rabben & Partners Ltd acted as corporate finance advisors to James
Fisher.



For further information, please contact:

James Fisher and Sons plc    Tim Harris         Chairman           020 7614 9508
www.james-fisher.co.uk


Pump Tools Limited           Stan Foster-Rooke  Managing Director  01224 774 771
www.pumptools.co.uk


EC Hambro Rabben & Partners  Peter Donald                          020 7355 4100
www.echambrorabben.co.uk     Petter Hagland


Financial Dynamics           Richard Mountain                      020 7269 7121
www.fd.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange