James Fisher and Sons
plc has purchased Divex Limited
(Divex) for an initial consideration of £20 million in cash plus a further
maximum additional consideration of £13 million linked to future profitability
targets.
Divex is a leading supplier of diving equipment to the
offshore oil industry and other sectors.
It designs, assembles and distributes
a broad range of diving products for commercial and military customers.
Derek Clarke and Doug Godsman the current joint managing
directors will continue with the business as will Doug Austin managing director Asia Pacific and group business
development manager.
The Deep Search and Rescue (DSAR) Class submarine rescue vehicle is the latest submersible from James Fisher Defence.
