Ashtead Technology and Forum Energy Technologies complete joint venture
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
As part of the transaction, Forum Energy Technologies contributed its subsea rentals business, which traded as Forum Subsea Rentals, creating a leading, independent provider of subsea survey and remotely operated underwater vehicle (ROV) equipment rental services.
Allan Pirie, CEO of the combined business, trading as Ashtead Technology, commented: “With a fleet of 19 000 assets valued in excess of US$139 million, and the ability to service all major subsea hubs, we become a business of significant scale and enhanced capability that is well placed to support our customers’ project requirements.
“We are ready and looking forward to helping address our customers’ challenges head-on.”
Read the article online at: https://www.worldpipelines.com/business-news/04012018/ashtead-technology-and-forum-energy-technologies-complete-joint-venture/
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