Ashtead Technology strengthens its ROV positioning with Aqua-Tech Solutions acquisition

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Ashtead Technology, a provider of the rental and sale of survey and ROV equipment, has announced that it has acquired Aqua-Tech Solutions, a subsea equipment rental and cutting services specialist.

Ashtead Technology says that the acquisition “significantly strengthens” its ROV and mechanical tooling offering, as it broadens its already established survey sensor rental fleet.

With the introduction of subsea cutting equipment, the acquisition also extends the firm’s specialist subsea services capability.

“We are very pleased to welcome the Aqua-Tech Solutions team into the Ashtead Technology group and to expand our operations in Louisiana,” says CEO Allan Pirie.

“This acquisition enables us to provide our full equipment and service capability right where our clients require it, at their project mobilization locations at ports across the Gulf of Mexico coast.”

With the combined business, clients in the Gulf of Mexico region will benefit from a “robust and enhanced offering,” which will allow more timely and cost-effective access to the group’s full range of equipment and services from locations in Broussard and Houma, Louisiana.