Ashtead Technology completed the acquisition of Seatronics and J2 from Acteon for £63m.

Ashtead Technology, a subsea equipment rental and solutions provider, completed the acquisition of Seatronics, a supplier of electronic subsea equipment, and J2, a provider of ROV tooling equipment and engineering support services, from Acteon Group Operations, a provider of project management and installation services for the operations of below the sea industries, for £63m. "We are delighted to complete the acquisition of Seatronics and J2. The transaction strengthens our international footprint within the subsea survey and robotics market and expands our highly fungible survey and robotics rental fleet by around 30%. We are pleased to welcome our new colleagues to Ashtead Technology, increasing the wealth of our in-house expertise and creating a world-leading subsea survey and robotics team," Allan Pirie, Ashtead Technology CEO.