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James Fisher and Sons is acquiring the entire share capital of Rotos 360, a provider of inspection, repair and reconditioning solutions for offshore wind turbine rotor blades.
Rotos 360, a subsidiary of James Fisher and Sons plc, has completed a GBP 3.5 million offshore wind turbine blade repair contract.
After James Fisher and Sons took over Hughes Sub Surface Engineering Limited (HSSE) last year and Rotos 360 in March, the company’s unit dedicated to marine renewables, James Fisher Marine Services (JFMS), has acquired Insight Marine Projects – a specialist survey company headquartered in Cornwall.
James Fisher and Sons has reported a revenue that climbed 9% in 2017 compared to the previous year, exceeding GBP 500 million for the first time. With an underlying operating profit of GBP 55.8 million, the company marked a 10% increase from GBP 50.8 million posted for 2016. Three out of four James Fisher’s business divisions saw a boost in their profits, with the Marine Support division – which serves the offshore renewables sector – leading with an increase of 17%.
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.
During the East of England Energy Group (EEEGR) SNS2017 conference, RenewableUK chief executive Hugh McNeal said the UK energy industry needed to represent itself as one sector containing different technologies, instead of pushing for one technology over others, to maximise job and business opportunities.
The Mukran Port is upgrading two berths with new heavy load slabs to be used in the construction of the Arkona offshore wind farm.