Ashtead expands IMR capabilities with acquisition
ABERDEEN, UK – Ashtead Technology has acquired Underwater Cutting Solutions (UCS) for an undisclosed sum.
Founded in 2004, UCS provides mechanical cutting, dredging and coating removal equipment and services.
General Manager of UCS, Fraser Collis, will continue to manage the business from its base in Inverurie, Aberdeenshire and, working with the Ashtead team, will lead the international expansion of the business.
This is the fifth deal completed by Ashtead Technology since it was acquired by Buckthorn Partners and APICORP in April 2016. The other four acquisitions were TES, Forum Subsea Rentals, Welaptega, and Aqua-Tech Solutions.