Announced
Completed
Synopsis
BES Group, a specialist in testing, inspections and certification, completed the acquisition of Mimic and Strainstal UK, the asset and load monitoring operation, of James Fisher and Sons, a provider of marine engineering services, for £17.5m. "The sale of Prolec, Mimic and the UK operations of Strainstall represent a clear demonstration of our strategy to rationalise and focus the portfolio, as well as strengthening our financial position. We believe the transactions represent good value for James Fisher's shareholders and in BES and Lifco, we have found buyers of quality. We wish them and the staff at each of the businesses continued success and thank them for their hard work and dedication to James Fisher over many years," Jean Vernet, James Fisher and Sons CEO.
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