James Fisher and Sons Acquires EDS HV for up to USD19.6 Million

Published: Dec 06 2017
Deal Summary

James Fisher and Sons Plc, a provider of specialist services to the marine, oil and gas and other high assurance industries, has acquired EDS HV Group Limited, a provider of high voltage engineering services, for a purchase consideration of approximately GBP14.6 million (USD19.62 million).

Pursuant to the transaction, James Fisher and Sons made an initial consideration payment of GBP9 million (USD12 million) in cash and will make a further payment of up to GBP5.6 million (USD7.53 million), subject to profit targets for the two years ending September 30, 2019.

EDS HV provides a range of services for the renewables sector covering the design and installation stages of new wind farm construction projects through to monitoring-fault management, repair and maintenance.

EC Hambro Rabben & Partners acted as corporate advisor to James Fisher and Sons for the transaction.

The acquisition provides James Fisher and Sons with high voltage engineering capability, further broadening the group’s offering to the offshore wind farm sector.

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