Ashtead Technology expands Middle East capabilities with new acquisition

ABU DHABI -- Ashtead Technology has acquired Abu Dhabi-based TES Survey Equipment Services LLC. The acquisition will enable the group to significantly increase its customer service offering in the Middle East, a region which has strong growth potential for the company.

Established in 2007 by Susan Murray, TES Survey Equipment Services sells and rents a range of environmental, geophysical, survey and ROV equipment. Murray will continue to lead the business, cementing its footprint in the Middle East.

Allan Pirie, chief executive of Ashtead Technology, said, “TES is a quality business with a strong client service ethos, which is a great fit for Ashtead. Having been our agent in the Middle East for the past five years, we know and respect the team. As a result of this deal, we will be able to roll-out our full service offering to clients in the region.”

“The acquisition represents a significant step forward in the execution of our strategy to expand both our services and geographical reach. This step will enhance our ability to serve our clients following new investment in our business by Buckthorn Partners and the Arab Petroleum Investments Corporation (APICORP) earlier this year.”

TES serves a wide client base throughout the Middle East region, maintains a comprehensive subsea equipment rental fleet and holds a number of distributor agreements with leading equipment manufacturers all backed by local technical support capability.

Murray said, “The combination of TES’s regional knowledge and support combined with Ashtead’s resources will provide clients across the Middle East region with unrivalled access to market leading technologies and technical knowledge.”