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James Fisher and Sons plc acquires wind turbine specialists Rotos 360
James Fisher and Sons plc (James Fisher) today announces the acquisition of Rotos 360 - a specialist wind turbine inspection and repair company.
The acquisition further enhances James Fisher’s existing offshore renewables capabilities, Rotos 360’s innovative and uniquely efficient blade curing repair techniques have been proven to significantly reduce wind turbine downtime.
The expanded service offering from James Fisher enables customers to achieve further supply chain optimisations and reduce contractual interface risks. The combination of assets and resource will support renewables projects around the UK, helping to deliver improved responsiveness and reduce costs.
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.”
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.”
Energy Business Catalyst Ltd has acted as an advisor to Rotos 360.
For more information please see the regulatory news release on the Rotos 360 acquisition.