Ashtead Technology, a Souter Investments portfolio company, has announced the formation of a joint venture with Forum Subsea Rentals – a subsidiary of Forum Energy Technologies. This joint venture will create the industry’s leading provider of subsea survey and ROV equipment rental and associated services.
Please see the official press release for more details. http://www.ashtead-technology.com/news-events/ashtead-technology-and-forum-energy-technologies-inc.-announce-subsea-renta/
Souter investments completed its investment into Ashtead Technology in May 2016, as part of a syndicate led by Buckthorn Partners.