LONDON (Alliance News) - Marine engineering services company James Fisher & Sons PLC on Friday said it has struck a GBP1.9 million deal to acquire the Return to Scene Ltd unit of AIM-listed SeaEnergy PLC.
Return to Scene provides visual asset-management photographic capture services, digital media services and forensic services to the oil & gas and security sectors.
James Fisher will pay GBP1.9 million upfront for the business and another GBP100,000 if Return to Scene wins certain contracts before the end of 2016.
"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," said James Fisher Chief Executive Nick Henry.
SeaEnergy has not yet released its own statement on the deal.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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James Fisher and Sons (FSJ)