Founded in 1985, Ashtead Technology was established to provide customers in the North Sea and beyond with high-specification survey and ROV equipment on a rental or sale basis.
Through organic growth and strategic acquisition, Ashtead Technology has fast evolved into a world-leading subsea equipment rental and solutions business serving the global offshore energy sector. With over 650 employees, Ashtead Technology serves its customers throughout its ten international technology and service hubs.
2024
Acquisition of Seatronics and J2 Subsea
Ashtead Technology completes the acquisition of SeascanLimited and its subsidiaries (known as Seatronics), and its sister company J2 Subsea, further strengthening our subsea survey and ROV tooling capabilities, expanding our rental fleet by 30% and enhancing our ability to support the growing global offshore energy market
2023
Acquisition of ACE Winches
Ashtead Technology acquired ACE Winches, the company’s eighth acquisition in the last six years, further strengthening its product and service offering across both oil & gas and offshore wind markets
2022
Acquisition of Hiretech
Ashtead Technology acquired Hiretech, further strengthening its mechanical solutions offering for the IMR, decommissioning and offshore renewables sectors
2022
Acquisition of WeSubsea
Ashtead Technology acquired WeSubsea, specialists in high-performance dredge solutions
2021
Ashtead Technology completes IPO
In November 2021, Ashtead Technology successfully completed its IPO. The company's shares began trading on the AIM market of the London Stock Exchange on the 23rd November 2021
2021
New subsea technology centre, Aberdeenshire facility
Ashtead Technology’s Mechanical Solutions and Asset Integrity specialists relocate to a new subsea technology centre in Aberdeenshire, UK
2020
New Houma facility
Ashtead Technology invests in a new state-of-the-art Houma facility to support Gulf of Mexico customers
2019
Aqua-Tech Solutions acquisition
Ashtead Technology acquires Louisiana-based subsea rental and services company Aqua-Tech Solutions, strengthening the group’s USA survey equipment rental and mechanical tooling offering.
2019
Further equity support from investors
Buckthorn Partners and APICORP up their stake in the group by acquiring Forum Energy Technologies stake in Ashtead Technology
2019
Middle East expansion
International expansion continues with a new facility in Musaffah, Abu Dhabi which is more than double the size of the previous location to increase the range of equipment and services offered to Middle East based clients
2019
Acquisition of Underwater Cutting Solutions
Ashtead Technology acquires UK based Underwater Cutting Solutions, rounding out the year with an expanded inspection, maintenance and repair (IMR) and decommissioning service offering
2018
Joint venture with Forum Energy Technologies
Ashtead Technology becomes the leading independent provider of subsea survey and ROV equipment rental services following the acquisition of Forum Subsea Rentals in an all share deal with Forum Energy Technologies, Inc
2018
Acquisition of Welaptega Marine
Ashtead Technology acquires Canada-based underwater asset integrity and inspection specialists Welaptega Marine, strengthening the Group’s subsea inspection, maintenance and repair capabilities
2017
TES Survey Equipment Services acquisition
The Group expands its service offering to the Middle East through acquiring Abu Dhabi based TES
2016
Further investment and expansion
Ashtead Technology is acquired by London-based energy investment firm Buckthorn Partners and Arab Petroleum Investments Corporation (APICORP)
2014
Launch of subsea training academy
Due to growing demand for customer equipment training, Ashtead Technology’s subsea training academy launches in Aberdeenshire, United Kingdom, in the world-renowned subsea centre of excellence in Westhill
2013
Ashtead Technology sells North American instrument business
Ashtead Technology sells its North American onshore instrument rental business to Pine Environmental Services LLC as part of a strategic move to focus on the offshore energy market
2012
Purpose-built global headquarters
Ashtead Technology relocates its headquarters to Westhill, Aberdeenshire
1997
US expansion with new Houston facility
Ashtead Technology’s first facility in the Americas opens to accelerate international growth in the Americas
1994
Ashtead Technology opens Singapore facility
Ashtead Technology opens its first facility in Singapore, kick-starting the expansion of its full service offering to clients across the Asia Pacific region from the Loyang Offshore Supply Base
1985
Ashtead Technology founded
Ashtead Technology begins trading in Aberdeen in 1985, providing clients in the North Sea and beyond with high-specification survey and ROV equipment on a rental or sale basis