{"id":12332,"date":"2026-07-15T10:48:35","date_gmt":"2026-07-15T10:48:35","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=12332"},"modified":"2026-07-15T10:48:35","modified_gmt":"2026-07-15T10:48:35","slug":"ashtead-expands-in-australia-with-bolt-on-acquisition-daily-business","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=12332","title":{"rendered":"Ashtead expands in Australia with bolt-on acquisition \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology.png\" alt=\"\" class=\"wp-image-197575 lazyload\" style=\"width:840px;height:auto\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"528\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology.png\" alt=\"\" class=\"wp-image-197575 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology-300x199.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology-768x511.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/07\/Ashtead-Technology-600x399.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Ashtead seeing continued growth<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Ashtead Technology, a provider of subsea technology solutions to the global offshore energy sector, has announced further expansion in Australia with the acquisition of a business in Perth.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Seadraulics is a small ROV tooling business with annual revenues of \u00a31m which will act as a platform to expand Ashtead\u2019s full-service capability in the Australian market.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In a trading update for the first half of the year the Aberdeen-based company said it has seen continued revenue growth despite challenging markets.\u00a0 <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Agile project execution and strict cost-control measures have offset the impact of delays to clients\u2019 project activities due to conflict in the Middle East and weaker renewables activities in Taiwan.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The 650-employee group delivered revenues of approximately \u00a3100.2m in the first half of 2026, representing growth of c.1% over the prior year period<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Adjusted EBITDA margin for the period is expected to be c.37.8% (H1 2025: 38.7%) with resultant EBITA margin of c.25.0% (H1 2025: 27.3%), marginally lower than prior year due to the revenue impact from lower rental activity in the Middle East and Asia, and an overall higher proportion of lower margin, non-rental revenues, linked to project scheduling. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Margins are anticipated to strengthen during the seasonally stronger second half, with full year EBITA margin percentage target remaining in the high twenties.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Bulletin:<\/strong>\u00a0<em>Sign up for our breakfast email of the day\u2019s breaking news<\/em><\/p>\n<p><!-- Simple Share Buttons Adder (8.5.6) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Ashtead #expands #Australia #bolton #acquisition #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ashtead seeing continued growth Ashtead Technology, a provider of subsea technology solutions to the global offshore energy sector, has announced further expansion in Australia with the acquisition of a business&hellip; <\/p>\n","protected":false},"author":1,"featured_media":12333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[2816,13619,13617,10681,13620,283,282,3398,13618],"class_list":["post-12332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-acquisition","tag-ashtead","tag-ashtead-technology","tag-australia","tag-bolton","tag-business","tag-daily","tag-expands","tag-seadraulics"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/12332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12332"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/12332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/12333"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}