FISHER(JAMES)& SONS PLC — M&A Activity 2021

Nov 2, 2021

National Storage Mechanism | Additional information

RNS Number : 9929Q

Fisher (James) & Sons plc

02 November 2021

2 November 2021

James Fisher and Sons plc

Sale of James Fisher Testing Services for £5.7m

James Fisher and Sons plc ("James Fisher" or the "Group"), the leading marine services provider, announces the sale of James Fisher Testing Services ("JFTS") from its Marine Support division for £5.7 million to Phenna Group.

JFTS operates a number of materials testing laboratories based in Warrington, Harlow and Portlaise, Ireland, in addition to maintaining a team of field-based technicians and engineers delivering site-specific services to the construction industry. 

The sale of JFTS is consistent with James Fisher's strategy of delivering sustainable, profitable growth through market leading niche businesses in the marine, energy and defence markets.

Contacts

James Fisher and Sons plc	Eoghan O'Lionaird, Chief Executive Officer Duncan Kennedy, Chief Financial Officer	020 7614 9508
FTI Consulting	Richard Mountain / Susanne Yule	0203 727 1340

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISUARARAWUARUA