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Announced

Completed

Ashtead Technology completed the acquisition of WeSubsea.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Cross Border

Acquisition

Single Bidder

Majority

Private

dredging

United Kingdom

Machinery: Specialty

Synopsis

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Ashtead Technology, an international subsea rental equipment and solutions specialist, completed the acquisition of WeSubsea, a subsea dredging specialist, supplying market-leading dredges and subsea tools. Financial terms were not disclosed. "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," Allan Pirie, Ashtead Technology CEO.

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