JFD, part of James Fisher and Sons, has acquired diving and recompression specialist, Cowan Manufacturing.
The acquisition of the Newcastle-based business is a significant step in JFD’s plan to expand its manufacturing base in Australia.
Toff Idrus, JFD Australia general manager, said: “This is an exciting day for JFD and our staff who can look forward to even more employment opportunities; as the acquisition of Cowan Manufacturing will expand JFD’s capability, resulting in JFD creating more jobs across Australia for Australians.
“The transaction means JFD Australia will extend its existing RAN hyperbaric repairer accreditation, and that will include the manufacture of high-tech steel and aluminium equipment such as the submarine rescue vehicles which are so important to our business.”
Bob Cowan, managing director of Cowan Manufacturing, added: “Linking in with JFD Australia is the obvious progression for us, as both businesses are keen to push ahead with supporting and growing local industry and jobs.”