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Announced

Completed

James Fisher and Sons completed the acquisition of a 60% stake in SM Continental for £7.5m.

Financials

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Transaction Value£7m
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA4.03x
Share Price Premium-
One Off Charge-

Tags

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repair

offshore oil terminals

Brazil

Maintenance Repair and Overhaul (MRO)

maintenance

Completed

Acquisition

inspection

Private

Single Bidder

Majority

Friendly

Synopsis

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James Fisher and Sons, a British provider of marine engineering services, completed the acquisition of a 60% stake in SM Continental, a provider of inspection, repair and maintenance services to offshore oil terminals, for £7.5m ($9.6m). "The acquisition of Continental in Brazil increases our presence in this important and growing market for subsea services. The combination of Continental's reputation for safety and reliable service delivery and James Fisher's more extensive IRM capabilities provides strong opportunities in one of the Group's key geographic growth markets. We look forward to working with Afonso and his team in driving this forward," Nick Henry, Chief Executive Officer.

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