LONDON, UK: Ashtead Technology has expressed intention to conduct an initial public offering at the AIM market of London Stock Exchange. Ashtead Technology is a leading subsea equipment rental and solutions provider for the global offshore energy sector. Ashtead Technology’s specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and…
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Tekmar signs agreement to acquire Pipeshield International
LOWESTOFT, UK: Tekmar Group, a market-leading technology provider of subsea protection systems has signed a sale and purchase agreement for the acquisition of Pipeshield International for a consideration of £6.5 million from its founder Steven Howlett. The consideration will be satisfied via £3.0 million in cash and £0.75 million through the issue of 573,833 new…