James Fisher Group offloads oil and gas business with ‘minimal synergies’
James Fisher and Sons plc is to sell RMSpumptools to ChampionX UK in a deal that values the business at £90 million.
As part of the longer term strategic review of the business Barrow headquartered marine business Fisher will take approximately £83 million in cash, to reduce debt and simplify and focus its portfolio through the sale of non-core assets.
FIsher’s board told the stock market this morning that though RMS is a leader in the oil and gas industry it has “minimal synergies” with the rest of the group and “does... 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...
