Ashtead Technology and Forum Energy Technologies, Inc. complete joint venture
Source: Fifth Ring for Ashtead Technology , Author: Posted by BI-ME staff
Posted: Thu January 4, 2018 11:23 am

INTERNATIONAL. Ashtead Technology is pleased to announce that it has completed its joint venture with Forum Energy Technologies, Inc. with effect from 3 January 2018.

As part of the transaction, Forum Energy Technologies contributed its subsea rentals business, which traded as Forum Subsea Rentals, creating the industry’s leading, independent provider of subsea survey and ROV equipment rental services. 

Allan Pirie, CEO of the combined business, trading as Ashtead Technology, commented: “With a fleet of 19,000 assets valued in excess of $139 million, and the ability to service all major subsea hubs, we become a business of significant scale and enhanced capability that is well placed to support our customers’ project requirements.

“We are ready and looking forward to helping address our customers’ challenges head-on.”

Photo Captions:
1. (above)  Allan Pirie, CEO of Ashtead Technology
2. (inset)  For illustrative purposes only (File photo)

About Ashtead Technology
Founded in 1985, Ashtead Technology is a world-leading, independent subsea equipment solutions specialist providing rental and sale of marine equipment, offshore personnel, calibration, repair and maintenance, asset management, training and bespoke engineered solutions. Positioned at the forefront of technology and innovative solutions, Ashtead Technology strives to provide a one-stop-shop for cost effective solutions to maximize subsea project performance with high quality service and delivery.

Ashtead Technology is a portfolio company of Buckthorn Partners and APICORP.

For more information, please visit www.ashtead-technology.com.

 

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