September 6, 2019

Ashtead Technology has expanded its inspection, maintenance and repair (IMR) and decommissioning capabilities with the acquisition of Underwater Cutting Solutions (UCS) for an undisclosed sum.

Founded in 2004, UCS provides mechanical cutting, dredging and coating removal equipment and services to the North Sea. It has developed and deployed a suite of purpose designed tools and techniques for the cutting of subsea and topside pipelines and structures.

This is the fifth deal completed by Ashstead since the firm was acquired by Buckthorn Partners and APICORP in April 2016. Read more…