Aqua-Tech Solutions

Aqua-Tech Solutions is a provider of advanced subsea equipment and solutions, primarily aimed at supporting the offshore energy sector, including oil and gas and renewable energy industries. Aqua-Tech Solutions, established in 2008 in Broussard, US, specializes in subsea equipment and services. The company was acquired by Ashtead Technology Ltd in April 2019, although financial details of the transaction were not disclosed. Aqua-Tech Solutions offers a range of services geared towards the offshore energy sector, including equipment rentals and specialized solutions.

Their offerings include survey & robotics, mechanical solutions, and asset integrity services, catering to operators in offshore renewable energy, oil and gas, and decommissioning across Europe, North America, and Asia-Pacific. The company operates on a B2B model focused on equipment rentals and specialized services within the offshore energy sector. Their revenue model includes rental agreements and service contracts with clients, with transactions involving fixed-term rental fees or service charges. The extensive rental fleet of over 23,000 assets indicates a strong capacity to meet the demands of their international client base.

Following the acquisition by Ashtead Technology Ltd, Aqua-Tech Solutions aims to launch new product offerings and expand into new markets. The company plans to grow its presence in regions such as North America and Europe by 2023. Recent funding from the acquisition will support these growth initiatives, enhancing their operational capabilities and service delivery.