Aberdeenshire subsea firm snapped up in deal worth £1 million

17/03/2020
Fathom Systems

NORTH-east company Fathom Systems has been bought over in a deal worth about £1 million.

Aberdeenshire-based JFD snapped up the subsea technology firm, which employs around 30 people.

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A spokesman for JFD, owned by FTSE 250-listed marine services company James Fisher & Sons, said Fathom would be integrated into its business.

Fathom managing director Gareth Kerr is staying on and there are no current plans for any changes to the wider team, he added.

Portlethen-based Fathom supplies diver communications and monitoring, and gas analysis services, as well as integrated control systems for diving support vessels.

JFD, which has its headquarters in Westhill, near Aberdeen, serves commercial and defence markets with innovative diving, submarine, and hyperbaric rescue technology and services.

Giovanni Corbetta, managing director, JFD, said: “This deal offers the opportunity for JFD to generate new growth beyond the core oil and gas subsea market and into wider customer segments, broadening the scope of our offering and our ability to increase the safety of divers working in the most extreme environments.”

Gareth Kerr, Fathom Systems managing director, Said:  “We are really excited that our revolutionary products will soon be making a significant positive impact on customers in wider markets beyond the core oil and gas sector.”

 

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