Subsea equipment rental, sales and services outfit Ashtead Technology is partnering with 4Subsea to boost the former’s inspection, maintenance and repair services in offshore energy markets, including renewables.
Under the terms of the deal, Ashtead will add 4Subsea’s sensors to its portfolio and have access to latter’s team of subsea experts.
4Subsea will strengthen its position in the global sensor market with access Ashtead’s sales and distribution network, which includes facilities in Aberdeen, Abu Dhabi, Halifax, Houston and Singapore.
Ashtead chief executive Allan Pirie (pictured) said: “This global strategic partnership strengthens the group’s capabilities, creating a wider, more competitive offering, while reinforcing our position as a leader in the provision of advanced subsea integrity management solutions.
“Our customers now have access to a leading innovator in offshore asset monitoring and integrity solutions.
“Adding 4Subsea’s autonomous sensor technology and services to our existing capabilities means we can now offer a comprehensive monitoring and integrity management service to support the performance and life extension of critical infrastructure.”
4Subsea chief executive Peter Jenkins said: “We are pleased and excited about building a partnership with Ashtead Technology.
“They hold a world-leading position in providing offshore equipment solutions to the oil and gas industry, and we regard this partnership as a joining of forces to enhance our offering to the market and drive greater customer success.
“Ultimately we believe this partnership will support operators in reducing both risk and costs associated with operating subsea fields.”