Ashtead posts first half-year results since IPO, announces acquisition of WeSubsea for £5.6m
Ashtead Technology (AIM: AT) has reported a huge bump in takings in its first half-year results since the company’s IPO in November last year.
Ashtead Technology
Ashtead Technology predicts 25% bump in revenues
Aberdeenshire-based Ashtead Technology (AIM: AT.) has predicted a 25% year-on-year bump in revenues for the first half of 2022.
Ashtead raises expectations of better profits in maiden results since IPO
Westhill-based Ashtead Technology has lifted its profit expectations for the year as demand – and prices – of its rental equipment has grown in both the offshore wind and oil and gas sectors.
Ashtead Technology forecasting full year revenue increase of 30%
Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021.
Ashtead Technology enjoys solid debut on AIM market
Ashtead Technology enjoyed a solid debut on the London Stock Exchange’s AIM market yesterday.
Updated: Ashtead Technology reaches nearly £130million valuation through IPO
Ashtead Technology has reached a market valuation of nearly £130million from its initial public offering (IPO).
New renewables lead created at Ashtead Technology
Ashtead Technology has created a new role to head up its increasing activities in renewable energy.
Total E&P Angola awards contract to Aberdeen technology firm
An Aberdeen subsea technology firm has secured a contract with Total E&P Angola after executing its first marine services project in West Africa.
Ashtead launches recruitment drive after completing £1m investment in centre
Integrated subsea technology and services firm Ashtead Technology has launched a recruitment drive after completing the £1 million development of a new research and development and engineering facility in Aberdeenshire.
Ashtead well positioned for growth despite Covid impact
Ashtead Technology’s boss said yesterday that the firm was “well positioned” for future growth despite the challenges thrown up by Covid-19.
Ashtead Technology appoints new CFO as part of ‘strategic growth plans’
Subsea services firm Ashtead Technology has announced an expansion to its management team as part of efforts to “cement its position” at the forefront of the global offshore energy market.
‘Positive momentum’ for oil and gas deals in 2020 – AAB
It was an interesting year for deal-making in 2019, despite political and economic challenges.
Biggest ever Subsea Expo dives into the ‘blue economy’
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.
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 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.