Ashtead Technology still on the acquisition trail
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Ashtead Technology
Ashtead snaps up Underwater Cutting Solutions
Subsea service firm Ashtead Technology has continued its hot streak of acquisitions with the takeover of a north-east contractor.
Ashtead invests £1.5m on new Houston base
Aberdeenshire-headquartered subsea service firm Ashtead Technology has invested £1.5 million in a new base in Houston as part of its international expansion drive.
Ashtead completes fourth acquisition in three years
Ashtead Technology has taken over a Louisiana-based energy services firm as part of its US expansion plans.
Ashtead to strengthen IMR offering with 4Subsea pact
Ashtead Technology has joined forces with 4Subsea to help beef up its inspection, maintenance and repair services.
Subsea specialists Ashtead buoyed by strong performance
Global subsea equipment specialist Ashtead Technology said yesterday its recent merger had taken it to a higher level after a year-on-year improvement in financial performance.
Former Subsea 7 VP joins Aberdeen subsea firm
A former vice president with Subsea 7 has been announced as Ashtead Technology's corporate development director, based in Westhill, near Aberdeen.
Subsea 2018: ‘Buoyancy’ in the air at this year’s expo
Subsea Expo 2018 has been hailed as a big success by exhibitors and delegates, with some noting the palpable sense of a North Sea recovery in the air.
Subsea 2018: Ashtead in hunt for more deals after Forum tie-up
Ashtead Technology’s boss has said a link-up with a rival rentals business is unlikely to end the firm's hunt for mergers and acquisitions.
Ashtead completes merger with Forum’s subsea rentals wing
Ashtead Technology said today that it had completed its merger with the subsea rentals business of Forum Energy Technologies (FET).
Ashtead merges with Forum’s subsea rentals wing
Two subsea equipment and service businesses said today that they had agreed to join forces as they target market domination.
Ashtead forecasts improved trading after acquisition boost
Ashtead Technology is forecasting improved trading this year after a “solid” performance in a weakened market in 2016.
Sir Brian Souter splashed out on North Sea firm Ashtead Technology
Scottish bus and rail tycoon Brian Souter has emerged as a key investor in a North Sea firm alongside a Saudi investment bank.
Ashtead Technology adds new subsea navigation system to rental pool
Aberdeenshire subsea service company Ashtead Technology has added a new piece of equipment to its rental pool.
Ashtead puts new kit to work on BP’s Quad 204 project
A new piece of kit developed by Aberdeenshire subsea service company Ashtead Technology has been put to work on BP’s Quad 204 project.
Ashtead increases turnover and profits in “relatively buoyant” 2014/15
Aberdeenshire subsea service company Ashtead Technology has posted increases in profits and turnover for its last full financial year before changing ownership. A week ago, the Westhill-based firm announced a majority stake in the business had been acquired by Arab Petroleum Investments Corporation (Apicorp) and its London-based venture capital partner, Buckthorn, for an undisclosed fee. Ashtead, which employs 75 people in Aberdeen, London, Houston and Singapore, with agents in Abu Dhabi, Perth and Stavanger, said the investment would help the firm expand its geographical reach, with the Middle East being a particular area of interest and focus.
Ashtead Technology plays key role in solving WWII mystery ship sinking
When the HMAS Sydney was sunk during WWII by what should have been a weaker German cruiser, all 645 of its crewmen perished, taking the explanation for the disaster to their watery graves. But nearly 70 years on, an Aberdeenshire subsea technology company has played a “key role” in solving the mystery surrounding the sinking of the ship, which lay undiscovered off the western Australian coast until 2008. Ashtead Technology yesterday said it donated equipment to the survey team after being sounded out by international subsea firm DOF Subsea earlier this year.
Subsea Expo 2015: Ashtead Technology secures new FUGRO contract
Ashtead Technology, which celebrates 30 years in business this year, has won a new contract with FUGRO. The company made the announcement as Subsea Expo kicks off in Aberdeen for three days. The award means Ashtead will be a preferred supplier of subsea rental equipment and associated services around the world.