James Fisher has acquired Lexmar Engineering in a £9.8million deal.
The specialist provider of diving equipment will become part of the company with plans to use the acquisition to boost its presence in the Asia Pacific region.
The business, complementary to James Fisher’s specialist technical division, is currenrtly completing three 18 man twin bell saturation diving systems.
Giovanni Corbetta, JFD’s managing director, said: “We are delighted to welcome Lexmar to the JFD family and are excited at the opportunities this presents to us, particularly within the Asia Pacific region. The addition of Lexmar brings JFD to the forefront of diving equipment capability and saturation diving systems offering and support and will further strengthen our vision to support our clients’ core operations by offering market leading technology solutions and world class support.”