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Ashtead Technology acquires ACE Winches

4C Offshore | Chloe Emanuel
By: Chloe Emanuel 30/11/2023 Ashtead Technology

International subsea equipment rental and solutions company' Ashtead Technology has further expanded its mechanical solutions service offering with the acquisition of ACE Winches.

Established in 1992, ACE Winches sees itself as a 'market-leader' in the design, manufacture and hire of lifting, pulling and deployment solutions. The company’s core offering supports the installation, inspection, maintenance & repair and decommissioning of offshore energy infrastructure which is 'highly complementary' to Ashtead Technology’s existing equipment and services portfolio.

ACE Winches is Ashtead Technology’s eighth acquisition in the last six years and follows the Group’s acquisitions of WeSubsea and Hiretech, in 2022. The latest deal further strengthens Ashtead Technology’s product and service offering across both oil & gas and offshore wind markets.

Allan Pirie, Ashtead Technology’s CEO, stated: "We are delighted to announce this strategic acquisition and welcome the ACE Winches team to Ashtead Technology. With a 31-year operating heritage, ACE Winches is a global market leader in its field with an unrivalled reputation. It has been a business we have admired and followed for a while as we share similar values, strengths and a relentless commitment to quality, service and operational excellence."

Pirie continued: "The deal provides strong industrial logic adding complementary capabilities to bolster our mechanical solutions service line to deliver an enhanced and more integrated offering to a larger global customer base."

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