Buckthorn-backed Ashtead buys underwater inspector Welaptega
Ashtead Technology Ltd has acquired Welaptega Marine Ltd, a Halifax-based provider of offshore mooring inspection technologies and mooring fitness-for-purpose assessment services. No financial terms were released. Welaptega President and CEO Anthony Hall will continue to lead the business, which was established in 1990. Ashtead, a Westhill, United Kingdom-based subsea equipment solutions specialist, said the deal strengthens its subsea inspection capabilities. Ashtead was acquired two years ago by U.K. oilfield services private equity firm Buckthorn Partners and Arab Petroleum Investments Corp.
3 December 2018•3 mins read
