Global law firm Ashurst has advised Ashtead Technology on the acquisition of Seatronics and J2, an international subsea electronics and ROV tooling rental and services business.
Seatronics and J2 have operations in Singapore, UAE, UK and US, and have been part of the larger Acteon Group for over 10 years, providing subsea electronics and tooling products and services to the global offshore energy market. Seatronics and J2’s core offering supports the installation, inspection, maintenance & repair, and decommissioning of subsea oil & gas and renewable energy infrastructure which is highly complementary to Ashtead Technology’s existing equipment and services portfolio.
The Ashurst team was led by corporate transactions partner Dallan Pitman, supported by senior associates Tom McCann and Colin Bugler and associates Ariella Moses and Abby Buchan. Partner Duncan Liddell and economist Jack Haile advised on competition matters. Tax advice was provided by partner Nicholas Gardner and associate Luis de Freitas. Partner Christopher Bates, senior associate Emily McCracken and associate Tegan Keizer advised on commercial contracts aspects and partner Ruth Buchanan and associate Emily Bodger advised on employment matters.
