Buckthorn and the Arab Petroleum Investments Corporation (APICORP) acquired Ashtead Technology Limited (Ashtead) in April 2016. Since its launch in 1985, Ashtead has grown to become a leading independent provider of subsea technology and services to the energy industry with a strong customer base built on trust and quality. With offices in the UK, US, Middle East and Singapore, Ashtead is focused on delivering cost savings and value-added services to its customers across both the oil and gas industry and the offshore wind sector, where it provides power development and maintenance services. A growing part of Ashtead’s business is focussed on the effective decommissioning of end-of-life oil and gas fields.
Since Buckthorn acquired Ashtead, the following acquisitions have been completed: