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Holdings Closes Acquisition of Subsea Dredging Technology Business WeSubsea
Thursday 29 September 2022

UK-based subsea rental equipment and solutions specialist Ashtead Technology has completed acquisition of UK-based specialist subsea dredging technology business WeSubsea AS, the company said.

This deal was announced on 5 September 2022.

Ashtead Technology is a subsea equipment rental and solutions provider for the global offshore energy sector.

Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure.

The company's service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure.

Ashtead Technology's specialist equipment and services are essential through the project development, construction and installation phase. Once wind farms are operational, Ashtead Technology supports customers with inspection, maintenance and repair equipment and services.

In the more mature oil and gas sector, Ashtead Technology's focus is on IMR and decommissioning.

Headquartered in the UK, the company operates globally, servicing customers from its nine facilities located in key offshore energy hubs.
Date Published: 29/09/2022