British marine engineering firm James Fisher’s acquisition spree continues with news it has bought Hughes Marine Engineering, the holding company of Hughes Sub Surface Engineering for up to £10m.
Hughes Sub Surface was founded in Liverpool in 2005 to provide commercial diving and civil engineering services to underwater projects. The business operates in the marine renewables, power generation, oil and gas, and inshore civil engineering sectors.
Nick Henry, ceo of James Fisher, said: “The operations of Hughes Sub Surface are complementary to those of James Fisher and, combined, they will broaden our range of services to the market, particularly to the renewable energy industry offshore.”
At the start of the month James Fisher bought another diving firm, Lexmar from Singapore. It has bought out another three firms too in the past 18 months.