Fisher buys again

.UK shipping group James Fisher has continued to snap up smaller niche players with a move for Testconsult.

It is paying £8m ($13.64m) in cash for the manufacturer of monitoring instruments for the offshore and engineering industries.

It will extend and complement Fisher's Strainstall Monitoring business.

Testconsult's pre-tax earnings were £1.4m in the year to 31 March.