Empresa inglesa compra brasileira de Macaé e agita mercado subsea

British Company Acquires Brazilian Firm in Macaé and Shakes Up Subsea Market

Written by Renato Oliveira

Published on 13/08/2019 at 01:00

Updated on 12/08/2019 at 19:47

Subsea com negócios em alta

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Business Involving Nearly 10 Million Dollars Between British and Brazilian Companies Moves Subsea Market as Expected

The forecasts from Click Oil and Gas are coming true; in June we informed that Brazil would attract 50% of the investments in subsea worldwide.
Well, deals are being made and this time it was James Fisher and Sons, a British company, acquiring a 60% stake in Continental Participação E Administração, a Brazilian subsea services company.

The deal involved nearly 10 million dollars and James Fisher will pay for the stake, 7.5 million pounds (US $ 9.1 million), with 4.9 million pounds to be paid upon completion and 2.6 million pounds to be paid in January 2022.

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James Fisher is a leading provider of specialized services for the maritime, oil and gas, and other high-security industries worldwide.
Continental, on the other hand, is a service provider founded in 1975, headquartered in Macaé, and provides subsea diving services for the offshore sector in Brazil, offering inspection, repair, and maintenance services.

Nick Henry, CEO of James Fisher, commented: “The acquisition of Continental in Brazil enhances our presence in this important and growing subsea service market. The combination of Continental’s reputation for safety and reliable service delivery with James Fisher’s broader IRM capabilities offers great opportunities in one of the Group’s key geographic growth markets.”

The Brazilian Market

The subsea universe has evolved greatly in recent years; new technologies are increasingly required, and oil has ceased to be a scarce resource and is now abundant.

The cost of extracting it, in comparison with other energy sources, is today the main challenge and will drive the industry to accelerate cost reduction, increased safety, and system efficiency, which will also happen in subsea.

British Company Acquires Brazilian Firm in Macaé and Shakes Up Subsea Market

Business Involving Nearly 10 Million Dollars Between British and Brazilian Companies Moves Subsea Market as Expected

The Brazilian Market

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