James Fisher Makes Further Subsea Investments

James Fisher acquires a number subsea assets including work-class ROVs, inspection class ROV and survey equipment from Specialist Subsea Services Ltd; compliments existing subsea capability to provide a full service offering to customers

James Fisher Offshore Ltd, part of James Fisher and Sons plc, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services Limited, the company announced.

The investment adds to the James Fisher groups’ existing capabilities in the subsea sector to enable the provision of a fully integrated subsea service offering, including air, nitrox and saturation diving systems and equipment; diving services; inspection class ROV rental and services; specialist ROV operators and offshore personnel; specialist subsea cranes and grabs; subsea winch rental fleet; subsea excavation services and specialist subsea monitoring solutions.

Where possible James Fisher intends to support existing contracts where these assets are currently deployed and will evaluate further opportunities to realize additional value for stakeholders.