Ember Infrastructure Management to Acquire Ashtead Technology
October 24, 2026
Ember Infrastructure Management, through Pine Acquisition UK Bidco Limited, agreed to acquire Ashtead Technology Holdings in a recommended cash transaction valuing the subsea technology company at approximately £505 million. The deal is subject to shareholder approval, court sanction, and other customary conditions, with closing expected in late 2026 or early 2027; the acquisition will be funded by Ember funds, including a passive co-investment from CalPERS, and term loan financing.
- Targets
- Ashtead Technology Holdings
- Industry
- Industrial Services
- Location
- Scotland, United Kingdom
- Transaction Type
- Buyout
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