James Fisher Acquires S3’s Subsea Assets

James Fisher Offshore Ltd has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services Limited.

The investment will facilitate James Fisher groups’ provision of a fully integrated subsea service offering, including:

• Air, nitrox and saturation diving systems and equipment
• Diving services
• Inspection class ROV rental and services
• Provision of specialist ROV operators and offshore personnel
• Specialist subsea cranes and grabs
• Largest subsea winch rental fleets available in the North Sea
• Subsea excavation services
• Specialist subsea monitoring solutions

Commenting on the transaction Aidan Douglas, Group Operations Director at James Fisher and Sons plc said “I am delighted that we have been able to undertake this investment. These assets represent a further step forward in our ability to provide customers with a comprehensive range of capabilities. James Fisher aims to support customers in simplifying their supply chain as well as further benefiting from a partner that can immediately respond to their needs during the completion of complex subsea projects.”

Blair Nimmo, joint administrator and head of restructuring for KPMG in Scotland, said: “We would like to thank everyone involved for their significant efforts in helping to deliver this outcome. We are very pleased to have concluded the sale of these assets to James Fisher Offshore.”

Image: Specialist Subsea Services