Ashtead Technology Buys Two Acteon's Firms in $82M Deal
;Seatronics and J2 are businesses we have known for a long time. With our most recent acquisitions focusing on expanding our mechanical services capability, this latest acquisition strengthens our international footprint and capability within our survey and robotics market,” said Allan Pirie, Chief Executive Officer of Ashtead Technology.“Upon closing, this transaction will be the next important step in focusing our service portfolio to achieve Acteon’s long-term strategic goals. Seatronics and J2 have been an integral part of our business for many years and I’m
Ashtead Technology Acquires ACE Winches
, Aberdeenshire. The site will be a key operational facility for Ashtead Technology with plans for continued investment and expansion to support ongoing growth.The acquisition sees Ashtead Technology’s headcount increase from 320 to over 520, with around 400 employees based in Aberdeenshire.Allan Pirie, Ashtead Technology’s CEO, said: “The deal provides strong industrial logic adding complementary capabilities to bolster our mechanical solutions service line to deliver an enhanced and more integrated offering to our customers.“With a 31-year operating heritage, ACE Winches
Ashtead Technology Buys Hiretech
support services offering, which [Ashtead Technology] will seek to leverage to meet growing global customer demand," Ashtead Technology said.Hiretech is Ashtead Technology’s seventh acquisition in the last five years. Financial details of the transaction were not disclosed.Allan Pirie, Ashtead Technology’s CEO, said: “We are delighted to announce the completion of this transaction and welcome new colleagues to the Ashtead Technology team. “Hiretech has an excellent reputation and strong heritage of delivering high-performance equipment and services to
Ashtead Technology Appoints Christie as Head of Mechanical Solutions Business
of its mechanical solutions service line which specialises in subsea cutting, dredging, coating removal technologies and ROV tooling & associated services all built through the acquisitions of Forum Subsea Rentals, Underwater Cutting Solutions, Aqua-Tech, and most recently, WeSubsea. Allan Pirie, Ashtead Technology’s CEO, said: “James has been instrumental in supporting the international growth of the business during his time with us so far and based on his background and expertise in the subsea IMR and decommissioning sectors he was a natural choice to take on this growth
Ashtead Technology to Acquire Subsea Dredging Firm WeSubsea
offering.Founded in 2010, WeSubsea is a specialist in subsea dredging technology solutions with its operating base in Aberdeenshire, UK.Ashtead Technology said that the transaction is expected to close during Q4 of 2022. This will be the group’s sixth acquisition in the past five years. Allan Pirie, Ashtead Technology’s CEO, said: “WeSubsea is a pioneering technology business with an excellent reputation and strong customer service ethos. Their fleet of high-performance dredge systems and strong technical know-how will be a great strategic fit for our business and will complement
Ashtead Technology Names Middle East Director
new Regional General Manager for its Middle East business."Based in Abu Dhabi, Mr. Stephen will help to solidify the company’s existing market position in the region and spearhead further business expansion as part of its international growth strategy," Ashtead Technology said.Allan Pirie, Ashtead Technology CEO, said: “The Middle East represents a significant growth opportunity for our business and we are delighted to have Scott leading our operations in the region and driving the next phase of growth. This recent strategic appointment reflects our ambitious growth plans
Ashtead Technology Upgrades Tech Center to Support Renewables and Decom Work. Launches Recruitment Drive
over the past four years following five strategic global acquisitions. The mechanical solutions from its most recent addition, Underwater Cutting Solutions (UCS), are now fully accommodated at the new premises alongside its asset integrity team," Ashtead said.Credit: Ashtead Technology Allan Pirie, CEO of Ashtead Technology, said: “We’ve grown rapidly over the past few years, and consolidating our team and technologies in a new purpose-designed facility to further integrate our service offering to better support our clients has always been the plan. The opening of our new advanced
Subsea Tech Firm Ashtead Names CFO and Five Managers
BD manager and asset integrity project manager Michael Gibson. In addition, Mark Vela has joined as US operations manager in Houston, and Dan Davies has taken up his new role as NDT market manager within the company’s inspection solutions team in Bedfordshire, England.Ashtead Technology CEO Allan Pirie said: “Ingrid’s substantial corporate finance and energy industry experience will make a significant contribution to our growth ambition as we further integrate and invest in our global operations to support the increase in business in offshore wind, decommissioning, and oil and gas
Forum Sells Its Stake in Ashtead Technology
2018 as part of the transaction which resulted in a merger between Forum’s subsea rentals business and Ashtead. The merger created the industry’s largest independent provider of subsea survey and remotely operated underwater vehicle (ROV) equipment rental services.Ashtead chief executive Allan Pirie, said, “Since the joint venture with [Forum], we have completed two acquisitions and further expanded our global asset fleet in support of our customers, delivering solid growth as a result.”Pirie said continued investor support will enable Ashtead to further progress its growth plans
February 2025
