Ashtead Technology reports ‘record trading performance’ in H1 2024
Ashtead Technology (AIM: AT), Aberdeen-based subsea technology and services firm, has shared “another record trading performance” in its half-year results.
Ace Winches
Ashtead Technology acquires Ace Winches for £53m
Ashtead Technology has acquired fellow north-east energy services firm ACE Winches in a multi-million-pound deal.
Ace Winches boss calls on industry to invest more in young talent
North-east engineering firm Ace Winches has called on industry to invest more in training young people as it expands its own apprenticeship scheme.
Decommissioning and renewables work spurs on Ace Winches to huge jump in sales
One of the north-east's best -known businesses, Ace Winches, has reported an "outstanding" financial performance.
Aberdeenshire’s ACE Winches land renewables deals worth seven figures
The Turriff-headquartered ACE Winches has secured deals for work on renewables projects in Europe and Asia with a combined value of seven figures.
Ace Winches lifts its global targets
Engineering firm Ace Winches has said it is focused on diversification and geographic expansion amid strong demand for its products and services globally.
Ace Winches unveils plans to open new base in Houston
Aberdeenshire-based Ace Winches has unveiled ambitious plans to invest £5.2 million with the opening of a new facility in Houston.
Offshore construction kicks off on world’s largest offshore wind farm
Work has begun to install the first length of cable for what will be the world’s largest wind farm, firing the starting pistol on offshore construction.
Energy companies embrace Young Person’s Guarantee to build future talent pipeline
It is our responsibility to foster the interest and enthusiasm in young people for a career that will continue to sustain our industry with the skilled workforce it will need in the decades to come.”
ThinCats footed £13.5m to help Cheyne buy Ace Winches back from Balmoral
Alternative lender ThinCats has revealed its £13.5 million backing for north-east businessmen Alfie Cheyne buying back the company he founded, Ace Winches, from Balmoral Group.
Ace Winches ‘exciting plans for the future’ after regaining control from Balmoral Group
Ace Winches founder Alfie Cheyne has “exciting plans for the future” after taking back control of the business from investor, Balmoral Group.
ACE Winches planning redundancies as part of restructure
ACE Winches is planning to make more than a dozen redundancies at its Aberdeen headquarters as part of a business restructure.
Balmoral sells ACE Winches back to founder Alfie Cheyne after court bust-up
Balmoral Group has sold ACE Winches back to founder and former chief executive Alfie Cheyne after the relationship between the two north-east businesses soured.
Ace Winches says £3.7m cash balance is ‘strong platform’ for growth plans
Ace Winches said yesterday its £3.7m cash balance at the end of February was a “strong platform” for its future growth.
Court beckons as deal between business heavyweights Milne and Cheyne turns sour
A pair of north-east oil and gas business heavyweights will bring their bust-up before a court later this year.
ACE Winches delivers shore-pull solution for Karish
Aberdeenshire-based ACE Winches, a Balmoral Group company, has successfully completed a shore-pull project for a 2.7km 30” gas sales export pipeline for the Karish gas development field in the south-east Mediterranean Sea, offshore Israel.
Balmoral ‘committed’ to growth at subsidiary Ace
Balmoral Group has said it remains “absolutely committed” to the growth of its Ace Winches subsidiary after announcing major changes at the top of the Aberdeenshire deck machinery specialist.
Balmoral makes fresh investment in Ace Winches, becomes majority shareholder
Balmoral Group has given Ace Winches a fresh cash injection and become majority shareholder of the Aberdeenshire deck machinery specialist, new documents show.
Ace upgrade for winch
With the focus of the oil and gas industry on Aberdeen as the city welcomes Offshore Europe 2019 to new venue P&J Live, the global engineering, manufacturing, rental and service company ACE Winches is looking forward to exhibiting in the Scotland Pavilion.
Ace Winches looks to pull in new Europe and Middle East customers
Lifting specialist Ace Winches is looking to pull in new customers with partnerships in Europe and the Middle East.
Ace Winches clinches two of its biggest ever deals
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
Boost to Ace Winches from £10m Balmoral cash injection
A north-east firm that was badly hit by the oil and gas downturn is flourishing four years on thanks to a £10 million investment from the Balmoral Group.
Ace Winches gives Buckskin project a lift
Ace Winches delivered a pioneering new product for the installation and pull-in of two steel catenary risers on the Buckskin deepwater development in the Gulf of Mexico.
ACE Winches strengthens Scandinavian presence
ACE Winches' Norwegian branch has strengthened its Scandinavian presence by relocating to the centre of Stavanger and hiring a new sales and business development manager.
Top lawyers supporting Scotland’s oil and gas industry recognised
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.