Ashtead Technology to Acquire Subsea Dredging Firm WeSubsea

UK-subsea rental tools and options specialist Ashtead Know-how mentioned Monday it deliberate to amass WeSubsea to broaden its mechanical options service providing.

Based in 2010, WeSubsea is a specialist in subsea dredging expertise options with its working base in Aberdeenshire, UK.

Ashtead Know-how mentioned that the transaction is anticipated to shut throughout This fall of 2022. This would be the group’s sixth acquisition prior to now 5 years.
 
Allan Pirie, Ashtead Know-how’s CEO, mentioned: “WeSubsea is a pioneering expertise enterprise with a wonderful popularity and robust customer support ethos. Their fleet of high-performance dredge programs and robust technical know-how can be an incredible strategic match for our enterprise and can complement our intensive vary of dredging, chopping, coating elimination and ROV tooling options and companies.

“The acquisition is anticipated to be accomplished throughout This fall and underlines our ambition to be a world chief in IMR and decommissioning by way of offering one of many widest subsea tools and repair choices in these fields to assist our prospects’ operations throughout the offshore power sector.”

Ashtead Know-how didn’t share the monetary particulars of the deliberate acquisition.