Ashtead Technology, a leading provider of subsea technology solutions to the global offshore energy sector, has reached a significant milestone in its growth journey by listing on the Main Market of the London Stock Exchange (LSE).

Since joining London’s Alternative Investment Market (AIM) in 2021, the company has tripled its revenue, significantly increased earnings per share (EPS) growth and completed four strategic acquisitions. These developments have expanded Ashtead Technology’s capabilities and enhanced its service offering to better support customers worldwide.

The LSE’s Main Market is home to many of the world’s largest and most dynamic companies. Joining this market signals the beginning of a new chapter for Ashtead Technology and provides a platform to attract international investors and strengthen the company’s brand presence amongst its global customer base, suppliers and partners.

In recent years, Ashtead Technology has diversified its global operations, broadened its portfolio of specialist solutions and reinforced its position as a market leader in technologies that support critical subsea operations and energy projects worldwide. The Main Market listing will help accelerate the next phase of its strategic growth.

Allan Pirie, CEO, Ashtead Technology comments: 
“Our admission to the Main Market of the LSE is a landmark moment for Ashtead Technology. I would like to thank our dedicated team for their hard work and commitment and express gratitude to shareholders, customers, partners and suppliers for their continued support.

The move reflects how far we’ve come, but it’s just the beginning. We now have the right platform to execute on our strategy, drive long-term growth and deliver exceptional value for all our stakeholders.”

KeyFacts Energy Industry Directory: Ashtead Technology