Subsea solutions company Ashtead Technology has confirmed its intent to expand its mechanical solutions service offering with the planned acquisition of WeSubsea.
Ashtead Technology expects the transaction to close during the fourth quarter of 2022.
Founded in 2010, WeSubsea is a specialist in subsea dredging technology solutions, supporting customers globally from its operating base in Aberdeenshire, UK.
Allan Pirie, Ashtead Technology’s CEO, said WeSubsea’s dredge systems will complement Ashtead Technology’s extensive range of dredging, cutting, coating removal and ROV tooling solutions and services. He added that the acquisition will provide Ashtead Technology with a wide range of subsea equipment and service offerings to better serve the IMR and decommissioning markets.
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