James Fisher acquires LexmarCompany News // August 2, 2016
James Fisher has acquired the entire share capital of Lexmar Engineering Pte Limited and Lexmar Sat Systems Pte Limited. The specialist provider of diving equipment will become part of JFD and will enhance JFD's saturation diving capability and offering. "Together JFD and Lexmar will improve the regional support and capability to defence markets within the Asia Pacific region," said the British Company.
Lexmar was founded in 1996 in Singapore and specialises in the design and manufacturing of in-built and modular saturation divsing systems, and is an established provider of diving equipment and services to the offshore industry.
The business, complementary to JFD’s specialist technical division, is currently completing three 18-man twin bell saturation diving systems. They are currently in the process of undertaking installation and commissioning in China and will commence the third system in Singapore early 2017.
"The inclusion of Lexmar as part of JFD improves the company’s capability and offering of specialist diving equipment services to the Asia Pacific market, enhances the production capacity and customer support in this area, as well as strengthening our support to the Singaporean Navy for all activities related to submarine rescue," said James Fisher.
JFD is currently completing two saturation diving systems and commissioning is underway in both Norway and Baku.