Cumbria marine services group in £7.5m acquisition
Cumbria marine services group James Fisher has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Serviços Marítimos Continental S.A.
The deal is worth a total cash consideration of £7.5m, £4.9m payable on completion and £2.6m payable in January 2022.
Continental is an established air diving service provider to the offshore oil sector in Brazil.
Based in Macaé, Rio de Janeiro State, Continental provides inspection, repair and maintenance (IRM) services to offshore o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...