Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

James Fisher investing up to £6.5m in wind turbine firm

Fisher's National Hyperbaric Centre inn Aberdeen.
Fisher's National Hyperbaric Centre inn Aberdeen.

Marine services company James Fisher and Sons has snapped up an offshore wind turbine specialist in a potential £6.5million deal.

Fisher, which owns a string of businesses in the north-east, said yesterday its acquisition of Norfolk-based Rotos 360 would bolster its credentials for offshore renewables projects UK-wide.

Rotos 360 is focused on the installation, repair and maintenance of wind turbine blades.

It was established in 2013 as part of a UK Government-funded research project to reduce the cost of operation and maintenance of offshore windfarms.

Fisher said it was buying the firm for an initial £1.5million in cash but the acquisition value could soar by a further £5million if profit targets are met.

Announcing the deal, Fisher chief executive Nick Henry said: “The acquisition of Rotos 360 provides James Fisher with market leading capability in wind turbine blade repair, further broadening its offering in the growing offshore windfarm sector.”

Fisher’s interests in the offshore renewable-energy sector also include its support for the construction of the Galloper Wind Farm, off the coast of Suffolk.

The group’s north-east businesses include Aberdeen firms Return To Scene, RMS pumptools and Scotload, and Oldmeldrum companies Fisher Offshore and ScanTech Offshore.

Its JFD subsea engineering subsidiary operates globally from locations including Westhill in Aberdeenshire.

JFD was created in 2014 through the merger of James Fisher Defence and Westhill-based subsea equipment specialist Divex.

The business also now includes the National Hyperbaric Centre, in Aberdeen, which Cumbria-based Fisher acquired in 2015 in a deal potentially worth £4.5million.

Recommended for you

More from Energy Voice

Latest Posts