James Fisher buys Singaporean diving specialist

British marine engineering outfit James Fisher has bought Singaporean firms Lexmar Engineering and Lexmar Sat Systems.

The initial consideration is S$17.5m (13m) in cash, with a further future consideration of up to S$9.3m subject to the successful completion of certain projects.

Founded in Singapore in 1996, Lexmar is a specialist provider of service and support of diving equipment and saturated diving systems.

Nick Henry, ceo of James Fisher, said: “The acquisition of Lexmar will strengthen our specialist diving equipment services and is well located to access the strategically important Asia Pacific region.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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