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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

News

Mercury Marine Expands Manufacturing Capacity

Mercury Marine is adding a 53,000 square foot manufacturing capacity expansion to its global headquarters in Fond du Lac, Wisc. The expansion will consist of 45,

Conquest Installs 850t Crane on Allseas Solitaire

Conquest Offshore was contracted by Allseas to remove a 300-ton crane and transport and install a 850-ton Huisman crane on board of one of the largest pipe-lay vessels in the world, Allseas Solitaire.

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

Mergers & Acquisitions

EU Clears CMA CGM, NOL Merger, with Conditions

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Repair Ship Simulators Sonar 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: 0.1326 sec (8 req/sec)