Marine services group swoops in two acquisitions

Deal announced
Marine services firm James Fisher today announced the acquisition of the entire share capital of Rotherham-based Martek Holdings and, separately, the acquisition of 60% of the share capital of a Saudi Arabian business, for Marine Contracting. The Cumbria-based group said the Martek deal is worth £9m in cash, inititally, with a potential further consideration of up to £1m subject to a profit target for the year ending February 28, 2020. Martek was founded in Rotherham in 2000 and provides a range of innovative safety and calibr... For the full story register now for free or login below...