JFD Acquires Defence Consulting Europe

MarineTechnologyNews.com
Wednesday, March 19, 2014
Photo: JFD

James Fisher Defence (JFD), a global subsea operations and engineering company, today announced the acquisition of Defence Consulting Europe AB (DCE) for an initial consideration of £3.7m for the intellectual property and the entire share capital of DCE. Further consideration of up to £1.9m is payable contingent on certain turnover and profit targets for the period until June 2016.

DCE, based in Sweden, designs and manufactures Swimmer Delivery Vehicles (SDVs) for covert operations. The acquisition further strengthens JFD’s Special Operations customer offering, as well as expanding its range of SDV products and solutions the company provides to markets including special forces, law enforcement, counter-terrorism, maritime protection and mine countermeasures. As part of the acquisition, DCE will adopt the JFD brand name, operating as James Fisher Defence Sweden.

“This acquisition is a significant move for JFD and enables us to offer our customers a broader range of vehicles to suit a variety of mission types and deployment methods. Sweden is renowned for the quality and practicality of its maritime engineering and DCE brings with it a proven range of products and designs which complement those that exist within JFD,” said Ben Sharples, Managing Director, James Fisher Defence.

“We are seeing significant interest in navies looking to develop specific maritime skills for special forces, counter-terrorism and other areas of covert operations. This acquisition will allow customers to benefit from our combined subsea engineering experience, safety pedigree and global support network.”

JFD and DCE recently launched a new range of SDVs called The SEAL Pod; surface or sub-sea craft, which can be optimized for a particular deployment method or mission profile and can be provided in a number of configurations:

• SEAL Carrier’s; surface and subsurface vehicle operating at speeds greater than 30 kts delivered by surface ship or air-dropped.
• Sub SEAL’s; wet or dry submersibles delivered from or via an attachment to the casing of a submarine, by ship davit or by helicopter
• Torpedo SEAL’s; small, highly flexible wet submersibles capable of extending diver deployment range.

Frederik Hillelson, Managing Director, JFD Sweden, said, “Being part of JFD provides us with the necessary resource and scale to support the demand we have seen for our products in this exciting market. Our ambition is to use this, whilst maintaining DCE’s engineering focus and pedigree to leverage our range of market leading SDV products to provide customers with unrivalled, best-in-class solutions.”

jfdefence.com
 

  • Photo: JFD

    Photo: JFD

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

CMA CGM's OPDR Acquisition Approved by EU

The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R.

Cuba Opens Up for Carnival Corp. Brand

Carnival Corp. granted U.S. licenses to operate direct U.S.-to-Cuba travel for the purpose of providing cultural exchange Carnival Corporation & plc said that the U.

First Gas Turbine-powered LNG Carrier Granted AIP

Hyundai Heavy Industries (HHI) announced it has jointly developed world’s first gas turbine-powered 174,000 m3 LNG carrier with GE Aviation and Marine and has secured

News

Wärtsilä Propulsion for New Fishing Vessel

A new fishing vessel being built by Simek AS in Norway on behalf of the U.K. operator Antares (Whalsay) Fishing Company Ltd, will feature an integrated Wärtsilä

Danish Ports Approve HullWiper

Authorities at the Danish ports of Copenhagen, Kalundborg and Fredricia have granted permission for GAC EnvironHull’s pioneering, diver-free, underwater HullWiper

CMA CGM's OPDR Acquisition Approved by EU

The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R.

Mergers & Acquisitions

CMA CGM's OPDR Acquisition Approved by EU

The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R.

Maersk Sells Its Stake in ESVAGT

Danish conglomerate A.P Moller-Maersk said Tuesday two international infrastructure investors have agreed to buy 100% of the Danish company ESVAGT from Maersk Group and ESE-Holding A/S.

De Nora Acquires Severn Trent's Water Purification Business

De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies,

Subsea Defense

Tony Abbott Guarantees Submarine Jobs

Prime Minister Tony Abbott has assured South Australians there will be more submarine jobs here even if he won’t commit to having a new fleet of vessels built there,

Russian Submarines in Alaska?

Russia is expected to finish the construction of a submarine base on the Kamchatka Peninsula by the end of October.   "Upgrades to the Russian Navy’s ballistic

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3212 sec (3 req/sec)