Fisher (James) & Sons plc Sale of James Fisher Testing Services for GBP5.7m (9929Q)

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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 GBP5.7m

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 GBP5.7 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

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

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