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Bidco agrees to buy Ashtead Technology for £500m

PRIVATEOct 21, 2026

Acquiring Company

Pine Acquisition UK Bidco

Acquired Company

Ashtead Technology

United KingdomInformation TechnologyEnergyOil And GasRenewable Energy

Description

Pine Acquisition UK Bidco, a subsidiary of Ember Infrastructure Management, has agreed a recommended cash acquisition of Aberdeenshire-based subsea firm Ashtead Technology. The offer values Ashtead shares at 615p each and the company at around £505 million. Ashtead's board intends to recommend that shareholders vote in favour, and completion is expected late in 2026 or early 2027.

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Company Information

Company

Pine Acquisition UK Bidco

Location

United Kingdom

About

Pine Acquisition UK Bidco is a subsidiary of Ember Infrastructure Management and was formed to make the cash acquisition of Ashtead Technology. It acts as the bidding vehicle for the transaction.

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Frequently asked

Who acquired Ashtead Technology?

Ashtead Technology was acquired by Pine Acquisition UK Bidco, based in United Kingdom. The deal was reported on October 21, 2026. Pine Acquisition UK Bidco is a subsidiary of Ember Infrastructure Management and was formed to make the cash acquisition of Ashtead Technology. It acts as the bidding vehicle for the transaction. Pine Acquisition UK Bidco is privately held.

When did Pine Acquisition UK Bidco acquire Ashtead Technology?

Pine Acquisition UK Bidco's acquisition of Ashtead Technology was reported on October 21, 2026. Pine Acquisition UK Bidco, a subsidiary of Ember Infrastructure Management, has agreed a recommended cash acquisition of Aberdeenshire-based subsea firm Ashtead Technology. The offer values Ashtead shares at 615p each and the company at around £505 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ashtead Technology do?

Ashtead Technology provides a range of technology services and solutions to the global energy and industrial sectors. The company focuses on delivering innovative and customer-centric services to enhance operational performance. It is privately held, operating in Information Technology.

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