Ashtead Technology acquires Welaptega

Ashtead, headquartered in Westhill, did not disclose the value of the acquisition. The firm said the deal “significantly strengthens” its subsea inspection capabilities. Global subsea equipment solutions specialist.

Ashtead Technology has further bolstered its rapidly-expanding inspection, maintenance and repair (IMR) services. The announcement marks Ashtead’s third deal since it was acquired by Buckthorn Partners and APICORP in 2016.

The Canada-based company known for underwater inspection, Welaptega is being acquired by the provider of subsea equipment solutions, Ashtead Technology.

Over the past 28 yr it has developed a suite of pioneering technologies and services to mitigate failure, prevent damage, and manage the ongoing integrity of offshore operations through a risk-based approach to asset integrity.

Ashtead Technology focuses on expanding its services related to maintenance, inspection and repair, with the help of this acquisition. The deal further provides the company with the capabilities to address customer requirements effectively.

In the span of two years, Ashtead has acquired three companies including Welaptega where it all began with the acquisition of APICORP and Buckthorn Partners in the year 2016.

Welaptega CEO Tony Hall will continue to lead the business based in Halifax, Nova Scotia. With such partnership deals, the company highlights its continual commitment towards expanding the service offerings, not just organically but even through acquisition strategies.

The deal would reinforce Ashtead Technology’s positions in the market as an achiever in provision of advanced and next-generation offshore equipment offerings.

Allan Pirie, CEO of Ashtead Technology, said, “This is a significant step in the development of our IMR strategy, increasing our asset integrity service offering by adding innovative products, technology and capabilities which are aligned with our current business. 

He further stated that their customers would now be able to access an innovator in engineering, integrity solutions, and offshore asset inspection and that their joint technical capabilities.

Advanced inspection technologies infer that they could provide an extensive integrity management service for supporting the life extension and performance of critical infrastructure.

Chief executive Allan Pirie said: “This is a significant step in the development of our IMR strategy, increasing our asset integrity service offering by adding innovative products, technology and capabilities which are aligned with our current business.

“Our customers now have access to a leading innovator in offshore asset inspection, engineering and integrity solutions. “It also enables us to continue our successful history of R&D and invest in adjacent underwater inspection (UWI) applications.

Our combined technical capabilities and advanced inspection technologies means we can offer a comprehensive integrity management service to support the performance and life extension of critical infrastructure.”

Welaptega CEO Tony Hall will continue to lead the business in Halifax, Nova Scotia. He said: “Being part of the Ashtead Technology group will allow us to expand our existing capabilities and international footprint, giving us greater ability to address our customers’ growing asset integrity requirements.

Mr Hall, commented, “Being part of the Ashtead Technology group will allow us to expand our existing capabilities and international footprint, giving us greater ability to address our customers’ growing asset integrity requirements.

Our customers will now have access to a wider portfolio of products and services, resulting in a far more comprehensive solutions capability. The collaboration deal between two robust companies would strengthen the capabilities of subsea inspection and create competitive and wider offerings.

Ashtead employs more than 130 staff across Bases in Aberdeen, Abu Dhabi, Houston, Halifax, London and Singapore. Our customers will now have access to a wider portfolio of products and services, resulting in a far more comprehensive solutions capability.

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