James Fisher in double swoop for marine businesses

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James Fisher and Sons (JFS) announced two separate acquisitions this morning.

The Cumbria-headquartered marine and energy service company has bought Martek, of Rotherham, for an initial £9 million.

Founded in 2000, Martek provides safety and calibration systems and products to the marine sector.

JFS chief executive Nick Henry said: “The acquisition of Martek further enhances James Fisher’s capability to offer innovative solutions to the marine sector and provides a proven channel to market for the group’s adjacent products and services.

“We are very pleased to welcome Martek’s team to the group and look forward to a successful future together.”

JFS has also swooped for 60% of Murjan Al-Sharq for Marine Contracting (MSMC) for an initial £4.1m.

MSMC was established in 2010 by Abdullah Akbar Natheer and is headquartered in Al Khobar, Saudi Arabia.

It provides near shore marine construction and maintenance services.

The 40% minority interest has been retained by Mr Natheer.

JFS’s subsidiaries include James Fisher Defence and Return to Scene, both of which are based in the north-east of Scotland.