Ashtead £63m deal marks ninth acquisition as it opens new base
Aberdeen’s Ashtead Technology confirmed it has completed its ninth acquisition in seven years as it picked up Seatronics and J2 Subsea.
Ashtead Technology
Power Moves: MDL’s new director of strategy and more
Aleksandra Jurczak has been appointed as director of strategy and marketing at equipment solutions provider Maritime Developments Ltd (MDL).
Ashtead Technology to buy Seatronics and J2 Subsea
Subsea services provider Ashtead Technology (AIM: AT.) has signed an agreement to acquire Seascan Ltd from Acteon Group for £63 million.
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.
Aberdeenshire’s Ashtead Technology opens office in Stavanger
AIM-listed Ashtead Technology said it had plans to further expand its Norwegian team and service offering over the next year.
Power Moves: New chairman for Centrica and more
Kevin O’Byrne will step in to replace Scott Wheway as chairman of Centrica, effective from 16 December 2024.
Ashtead Technology: investing in innovation
Richard Lind, general manager for Ashtead Technology’s mechanical solutions facility in Thainstone, Aberdeenshire, shares his thoughts on the company’s commitment to investment and innovation, including the launch of some exciting new products in the portfolio.
Ashtead Technology to continue M&A strategy after strong 2023
Subsea equipment specialist Ashtead Technology (AIM: AT.) aims to continue its ongoing mergers and acquisition (M&A) strategy after it helped deliver strong results for the company in 2023.
Ashtead sees revenue surge in 2023 results
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.
Aberdeen’s Ashtead Technology signs exclusive agreement for Australian subsea robots
Aberdeen subsea equipment provider Ashtead Technology has signed an exclusive rental agreement with Australian firm Reach Robotics.
Strongest ever results for Ashtead Technology, amid strong market
Offshore renewables were up 74.1% to £16.3 million, from £9.4mn in the previous period. Offshore oil and gas revenues were up 50% at £33.5mn.
Profits leap 34% in ‘very successful year’ for Ashtead Technology
Revenues for oil and gas and offshore wind have jumped for the Aberdeenshire-based, AIM-listed subsea firm.
Ashtead acquires Aberdeenshire offshore equipment rental firm Hiretech for £20m
Aberdeenshire-based Ashtead Technology (AIM: AT) has continued its acquisition spree, beefing up its mechanical solutions service offering.
Ithaca going public: Who else in the North Sea has launched stocks?
As Ithaca Energy looks to make an Initial Public Offering (IPO) in London, we take a look at some of the other North Sea operators that have launched stocks recently.
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 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.