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North-east company Fathom Systems has changed hands in a deal worth about 1 million

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17 March 2020

Aberdeenshire-based JFD said yesterday it had snapped up the subsea technology firm, which employs around 30 people.

The transaction price is substantially below the £4.25m valuation of a management buyout of Fathom by private equity house Maven Capital Partners in 2014.

more [Source: Energy Voice]