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James Fisher acquires Rotos 360

By: Tom Russell 22/03/2017 James Fisher

General Turbines Windfarms

James Fisher and Sons plc (James Fisher) has announced the acquisition specialist wind turbine inspection, repair and installation company Rotos 360 for an initial consideration of £1.5m in cash, with potential further consideration of up to £5m subject to profit targets for the three years ending 31 December 2019.

Nick Henry, CEO of James Fisher explained: “The acquisition of Rotos 360 provides James Fisher with market leading capability in wind turbine blade repair, further broadening its offering in the growing offshore wind farm sector. We are delighted to welcome the Rotos 360 team to the Group.”

James Fisher stated that the acquisition further enhances its existing offshore renewables capabilities and that Rotos 360’s blade curing repair techniques have been proven to significantly reduce wind turbine downtime. It was established in 2013 as part of a UK Government funded research project to reduce the cost of operation and maintenance of offshore wind turbines.

John Galliford, operations director of Rotos 360 said: “I’m delighted that Rotos 360 is joining the James Fisher group. The opportunities this affords us, to increase the scope and scale of the projects we undertake for customers through access to the Group’s wider resources, is huge.”

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James Fisher acquires Rotos 360

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