Ashtead Technology Continues Global Expansion, Appoints Middle East Agent
- Business & Finance
Leading international subsea equipment solutions specialist Ashtead Technology Offshore today announced that it has appointed an agent in the Middle East to support its continuing global expansion.
The Aberdeen-headquartered company has completed an agreement with Abu Dhabi-based Technical Equipment Services (TES) who will promote Ashtead Technology’s full rental equipment range to its customers in the region.
Ashtead Technology has provided TES with an initial £2.52m ($4m) assignment of subsea rental equipment, which will be backed up by the company’s worldwide customer and technical support resources. TES will also provide in-house service and repairs, as well as engineering capabilities to assist during equipment mobilisation to provide customers with a complete local subsea solutions package.
Ashtead Technology Chief Executive Allan Pirie said: “This agreement greatly strengthens Ashtead Technology’s global offering. Working closely with a well-positioned Middle East partner that has an established reputation for quality service and support means that we can offer a more responsive and flexible local service to both existing and new Middle East-based customers. With resources already in place we are geared for significant growth in the region.”
TES Chief Executive Susan Murray commented: “We are delighted to be working with Ashtead Technology – our established presence and understanding of the Middle East market coupled with Ashtead Technology’s renowned subsea equipment capabilities and reputation for excellent customer service will allow us to provide a superior service in the Middle East region.”
The appointment comes as part of the company’s global expansion strategy, which has also seen Ashtead Technology strengthen its presence in Singapore with a new facility and key management appointments earlier in 2012.
November 20, 2012