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Engineering firm in £8m deal

ENGINEERING group James Fisher & Sons has seen its shares rise six per cent after buying English load testing and monitoring business Testconsult for £8 million.

Testconsult, founded in 1974, was said to have underlying earnings of £1.4 million in the 12 months to March 31 and net assets of £2.9 million.

Fisher owns the likes of Divex, RMS Pump Tools Buchan Technical Services, James Fisher Offshore and ScanTech Offshore in Scotland. Shares closed up 74p at 1384p.

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