EDS, headquartered in Rossendale, Lancashire, provides a complete range of high voltage engineering services to the renewables industry, covering the design and installation stages of new wind farm construction projects through to the subsequent monitoring-fault management, repair and maintenance of the operating assets. Adjusted earnings before interest, tax, depreciation and amortisation of EDS for the year ended 30 September 2017 were £1.8m, unaudited profit after tax was £1.2m and unaudited gross assets were £6.0m.
Nick Henry, Chief Executive Officer of James Fisher, said: “The acquisition of EDS provides James Fisher with sector leading high voltage engineering capability, further broadening the Group's offering to the offshore wind farm sector. We are delighted to welcome the EDS team to the Group.”
EC Hambro Rabben & Partners has acted as corporate adviser to James Fisher and Sons plc.