Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/ashtead-technology-sells-north-american-instrument.shtmlAshtead Technology sells North American Instruments business
Ashtead Technology, has sold its North American Instruments business.
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Ashtead Technology, has sold its North American Instruments business. The Instruments business, which specialises in the rental of onshore environmental monitoring, non destructive testing and visual inspection equipment, has been acquired by New Jersey-headquartered Pine Environmental Services LLC.
Allan Pirie, CEO at Ashtead Technology, said: “The divestment of the North American Instruments business is a key step in our long-term growth strategy to focus on our Offshore business, which has significant growth potential in the coming years.
“The sale enables us to accelerate our strategic investment plans globally and to further meet our customers’ requirements for the highest quality subsea equipment rental solutions.”
