News & Transactions

James Fisher acquires Lexmar


James Fisher acquired Lexmar

James Fisher has acquired the entire share capital of Lexmar Engineering Pte Limited and Lexmar Sat Systems Pte Limited (together ‘Lexmar’). Solveigh has advised the shareholders of LexMar in the sale to James Fisher. Lexmar was founded in 1996 in Singapore and specialises in the design and manufacturing of In-built and Modular Saturation Diving Systems, and is an established provider of diving equipment and services to the offshore industry.

The business, complementary to JFD’s specialist technical division, is currently completing three 18 man twin bell saturation diving systems. They are currently in the process of undertaking installation and commissioning in China and will commence the third system in Singapore early 2017. The inclusion of Lexmar as part of JFD improves the company’s capability and offering of specialist diving equipment services to the Asia Pacific market, enhances the production capacity and customer support in this area, as well as strengthening our support to the Singaporean Navy for all activities related to submarine rescue.