Point of view – Keith Mackie
19 September 2023
Ashtead Technology acquired Hiretech in December 2022, an Aberdeenshire-based equipment rental and services company, serving the international offshore renewables, decommissioning, and conventional energy markets.
The acquisition has provided strong synergies through vertical integration of the supply chain, and meaningfully expands our business by adding complementary capabilities to strengthen our mechanical solutions service line and deliver an enhanced offering to our customers.
Keith Mackie, formerly Managing Director of Hiretech is now General Manager for this part of the business, under our mechanical solutions service line.
Here, he shares more about the integration and what life is like as part of the Ashtead Technology Group.
It’s been nine months since the acquisition. Share your thoughts so far.
Being part of Ashtead Technology is the perfect home for Hiretech enabling us to expand our existing capabilities and international footprint. Our customers now have access to a wider portfolio of products and services, resulting in a far more comprehensive solutions capability. Now part of Ashtead Technology’s mechanical solutions service line, we are one united and highly-experienced team with a multi-purpose fleet of back-deck and subsea equipment rental assets and services to support our customers’ offshore energy campaigns.
What are the main synergies and benefits to being part of the Group?
Ashtead Technology was Hiretech’s largest customer so a strong relationship was already established – this made the integration extremely smooth running and we now have very strong foundations to build on as we grow our market share. Ashtead Technology’s international footprint and scale brings immense value to our part of the business and we have already started to benefit from this especially in key growth markets including the Middle East and Asia Pacific regions.
Looking ahead, what are the main opportunities?
It is hugely exciting being part of an organisation that has the scale, resources, capability and investment to help better serve our customers. Whilst this is a fantastic opportunity for our business, the core of what we do remains which is to provide rental equipment package solutions and support services for decommissioning, subsea, hydraulics, well services, pipeline and renewables applications. For our people, being part of a larger organisation provides them with enhanced career growth and development opportunities as well as access to valuable experience across various other disciplines and functions. The future looks bright and I’m looking forward to playing a part in the next stage of Ashtead Technology’s growth journey.
View our range of offshore support equipment here.