Ashtead Technology acquires Welaptega

22 November 2018

Subsea equipment solutions specialist, Ashtead Technology has bolstered its rapidly-expanding inspection, maintenance and repair (IMR) services and capabilities with the acquisition of Canadian-based underwater inspection company, Welaptega.

The transaction comes just 10 months after the company completed a joint venture with Forum Energy Technologies, creating the industry's leading independent provider of subsea survey and ROV equipment services with a fleet of 19,000 assets worth in excess of 100 million.

Founded in 1990, Welaptega is a market-leader in mooring system inspection and integrity engineering. Over the past 28 years 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.

By bringing together two world-class portfolios, the deal significantly strengthens the group's subsea inspection capabilities, creating a wider, more competitive offering, whilst reinforcing Ashtead's position as a leader in the provision of advanced offshore equipment solutions.

Ashtead Technology Ltd
Ashtead House, Discovery Drive
Arnhall Business Park
Westhill
Aberdeenshire AB32 6FG
UK
T: +44 1224 771888
F: +44 1224 770129

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