James Fisher Acquires EDS HV

James Fisher has announced the acquisition of the entire share capital of EDS HV, the UK-based high voltage engineering company which recently signed a contract with the offshore wind giant Ørsted for its UK offshore wind farms.

James Fisher is acquiring the company for an initial consideration of GBP 9 million in cash with potential further consideration of up to GBP 5.6 million, subject to profit targets for the two years ending 30 September 2019.

Adjusted earnings before interest, tax, depreciation and amortisation of EDS for the year ended 30 September 2017 were GBP 1.8 million, unaudited profit after tax was GBP 1.2 million and unaudited gross assets were GBP 6 million.

Nick Henry, Chief Executive Officer of James Fisher, said: “The acquisition of EDS provides James Fisher with sector leading high voltage engineering capability, further broadening the Group’s offering to the offshore wind farm sector. We are delighted to welcome the EDS team to the Group.”

This year, James Fisher also acquired Rotos 360 and Insight Marine Projects, following the takeover of Hughes Sub Surface Engineering Limited (HSSE) last year.

Share this article

Follow Offshore Wind

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Global Wind Summit 2018

Presentations, workshops, panel discussions – the WindEurope Conference, the greatest global conference of the wind industry, brings numerous…

read more >

Offshore Wind Power Substations

Join experts from TenneT, Iberdrola Engineering & Construction, COWI, Merkur Offshore, DNV GL Energy…

read more >

Wind Digital Data Integration and Management Conference

Some of the experts coming include those from E.ON, Nordex Acciona, Enertrag, Yard Energy…

read more >

Wind Turbine Towers 2018

Experts from Max Bögl, Tubularis, Pacadar Ecoventia, Keystone Tower Systems, Nabrawind, Esteyco, P.E. Concepts and many more…

read more >

Jobs>

Senior Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. We manage the development, construction and operation of onshore wind and marine energy projects in the UK, and offshore wind farms worldwide. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you

apply

O&M Lead Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. We manage the development, construction and operation of onshore wind and marine energy projects in the UK, and offshore wind farms worldwide. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Vessels>