Business
Acquisition
Acquisition.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \nRNS Number : 1003A Fisher (James) & Sons plc 03 June 2016 \n\n3 June 2016\n \n \nJAMES FISHER AND SONS PLC (FSJ.L)\n \nACQUISITION OF RETURN TO SCENE LIMITED \n \nJames Fisher (\"James Fisher\" or the \"Group\") announces the purchase of Return to Scene Limited (\"R2S\") for consideration of £1.9m. Headquartered in Aberdeen, R2S was a subsidiary of SeaEnergy Plc which went into administration on 2 June 2016. Further consideration of £0.1m is payable should R2S win certain contracts before 31 December 2016. \n \nR2S provides visual asset management photographic capture services, digital media services and forensic services to the oil & gas and security sectors. The audited accounts of R2S for the year ended 31 December 2014 reported turnover of £4.7m and operating profit of £2.2m. The unaudited management accounts for the year ended 31 December 2015 reported an operating loss of £0.5m.\n \nNick Henry, Chief Executive Officer of James Fisher, said: \"R2S provides digital services to many of our existing customers and has potential to work in our wider sector and geographical base. We look forward to R2S joining the James Fisher Group.\"\n \nEC Hambro Rabben & Partners acted as corporate adviser to James Fisher and Sons plc.\n \n \nContacts:\n \n\n\n\n\nJames Fisher and Sons plc\n\n\nNick Henry\n\n\nChief Executive Officer\n\n\n020 7614 9508\n\n\n\n\nEC Hambro Rabben & Partners\n\n\nEivind Rabben\nPeter Donald\n\n\n \n\n\n020 7355 4100\n\n\n\n\nFTI Consulting\n\n\nRichard Mountain\n\n\n \n\n\n0203 727 1340\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQVLLFBQQFZBBV\n ","length":3329,"tagName":"div"}]