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Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

Gasoil News - Published on Fri, 26 Apr 2019

Image Source: Subsea World News
Ashtead Technology has acquired Louisiana-based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the USA. The combined business will see clients in the Gulf of Mexico region benefit from a robust and enhanced offering, allowing more timely and cost-effective access to the group’s full range of equipment and services from locations in Broussard and Houma, Louisiana.

The acquisition significantly strengthens Ashtead Technology’s ROV and mechanical tooling offering, broadening its already well-established survey sensor rental fleet. It also sees the firm’s specialist subsea services capability extended with the introduction of subsea cutting equipment.

This latest transaction is the fourth deal completed by Ashtead Technology since the business was acquired by Buckthorn Partners and APICORP in April 2016. The agreement firmly establishes the company’s position as a global leader in the provision of subsea equipment rental and project services. It has facilities in the UK, UAE, Canada, Singapore and USA and the acquisition takes the total number of personnel up to 160 across its operations.

Source :

Posted By : Rabi Wangkhem on Fri, 26 Apr 2019
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