Worldwide subsea tools rental and options specialist Ashtead Expertise has additional expanded its mechanical options service providing with the acquisition of ACE Winches.
Established in 1992, ACE Winches’ core providing helps the set up, inspection, upkeep & restore and decommissioning of offshore power infrastructure which is very complementary to Ashtead Expertise’s present tools and companies portfolio.
ACE Winches is Ashtead Expertise’s eighth acquisition within the final six years and follows the group’s acquisitions of Aberdeenshire-based companies, WeSubsea and Hiretech, in 2022. The newest deal additional strengthens Ashtead Expertise’s product and repair providing throughout each oil and gasoline and offshore wind markets.
ACE Winches has its world headquarters in Turriff, Aberdeenshire. The positioning might be a key operational facility for Ashtead Expertise with plans for continued funding and enlargement to assist ongoing progress.
The acquisition sees Ashtead Expertise’s headcount improve from 320 to over 520, with round 400 workers based mostly in Aberdeenshire.
Allan Pirie, Ashtead Expertise’s CEO, stated: “The deal supplies sturdy industrial logic including complementary capabilities to bolster our mechanical options service line to ship an enhanced and extra built-in providing to our prospects.
“With a 31-year working heritage, ACE Winches is a worldwide market chief in its discipline with an unrivalled fame. It has been a enterprise we’ve got admired and adopted for some time as we share related values and strengths together with a relentless dedication to high quality, service and operational excellence.
“Each companies have deep-rooted historical past and heritage in Aberdeenshire while delivering for our prospects globally. As a mixed enterprise, we’ll proceed to strengthen our capabilities in Aberdeenshire while leveraging our sturdy worldwide footprint and infrastructure to drive continued worldwide enlargement of our enterprise and ship Ashtead Expertise services and products to a bigger world buyer base.”
Alfie Cheyne, Founder and Chairman of ACE Winches, stated: “In addition to creating an incredible alternative for our folks, changing into a part of Ashtead Expertise will allow us to broaden our present capabilities and worldwide footprint in key areas together with the US and the Center East the place Ashtead Expertise has a longtime native presence.”
