Date: Tuesday 18 Mar 2014
LONDON (ShareCast) - Marine services group James Fisher & Sons is to buy Defence Consulting Europe (DCE), a provider of specialist swimmer delivery vehicles.
The company will be acquired for an initial consideration of £3.7m in cash, with a further £1.9m payable subject to certain financial targets over the medium term.
DCE, established in 1997 and based in Sweden, has been working with James Fisher’s Defence division in recent years to develop the market for swimmer delivery vehicles, which transport combat diver teams and their equipment in a covert operation.
“There is a close fit between the two companies and the acquisition broadens our product and service offering,” said James Fisher’s Chief Executive Officer.
James Fisher was trading 0.5% lower at 1,527p in early trading on Tuesday.
BC
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Currency | UK Pounds |
Share Price | 302.00p |
Change Today | 2.00p |
% Change | 0.67 % |
52 Week High | 425.00p |
52 Week Low | 245.50p |
Volume | 44,417 |
Shares Issued | 50.50m |
Market Cap | £152.50m |
RiskGrade | 237 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 2 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
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Latest | Previous | |
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Ex-Div | 01-Oct-20 | 03-Oct-19 |
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Amount | 8.00p | 11.30p |
Time | Volume / Share Price |
16:21 | 10,000 @ 307.75p |
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16:35 | 94 @ 302.00p |
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