Asco invests £18.3 million in enhanced AI capabilities – Daily Business

Mike Pettigrew: accelerating our technology strategy

Offshore logistics company Asco has committed £18.3 million to artificial intelligence capabilities to improve planning, processes and turnaround times.

The Aberdeen-based group, which has 1,500 staff operating from 70 global locations, is planning the investment over six years.

As part of the programme, Steve Shearman has joined the group as chief AI officer. His background includes a spell at the Net Zero Technology Centre (NZTC) TechX accelerator project.

The new investment will focus on the continued development of the firm’s integrated logistics management system, which incorporates its material, cargo, quayside and transport management systems.

Further development of Asco’s waste management system will enhance environmental reporting, tracking waste type, composition, location and disposal route.

Asco chief executive Mike Pettigrew said: “This investment is about accelerating a technology strategy that is already delivering for our clients.

“We have strong digital platforms, established operational control capability and growing expertise in AI, automation and robotics.

“The next step is to connect those capabilities more closely and develop them further, so they support our growth.”

Group revenue for 2025 came in lower at £470.4m compared with £481.1m in the previous year. However, the company made a pre-tax profit of £1.9m, reversing a loss of £1.2m in the prior year.

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