LONDON (ShareCast) - FTSE 250-listed engineering group James Fisher has bought monitoring, instrumentation and testing services provider Testconsult for £8m in cash.

The group is doing the deal to extend services provided by its Strainstall Monitoring business, which uses strain gauges and sensors to structurally monitor and dynamically load-test bridges, other structures and offshore installations.

Testconsult's earnings before interest and tax in the year ended March 31st totalled £1.4m, with net assets of £2.9m at that date.

Chief Executive Nick Henry said: "We are delighted to welcome Testconsult into the James Fisher group and we look forward to benefiting from the enlarged opportunity which the combination of Strainstall Monitoring and Testconsult will present, expanding our activities in testing and monitoring with complementary skills, products and services.

"We intend to build on our combined strengths, particularly in international markets."

NR

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