Ashtead Technology Announces Completion of WeSubsea Acquisition

Ashtead Technology completes acquisition of specialist subsea dredging technology business

Further to the announcement of 5 September 2022, Ashtead Technology, the international subsea rental equipment and solutions specialist, is pleased to announce the completion of its acquisition of the entire share capital of WeSubsea AS ("WeSubsea").

Allan Pirie, CEO of Ashtead Technology, commented : 'I am delighted that we have now completed what is the Group's sixth acquisition in the past five years. We have acquired an outstanding business and reinforced our commitment to broadening our capability and service offering through M&A to support customers' operations globally.'