Subtech chief executive Greg Raaff said that the salvage and underwater construction specialist company held close synergies with many of Fisher’s current services and group companies in similar geographic areas.
James Fisher and Sons chief executive Nick Henry said the acquisition would add a complementary marine services and subsea offering to broaden the group’s presence in emerging African markets.
Durban-based Subtech Group's operations centre along the sub-Saharan coast, employing more than 200 divers, subsea engineers and support staff in offices stretching from Namibia to Mozambique.
Its
