{"id":11150,"date":"2026-07-15T10:28:32","date_gmt":"2026-07-15T10:28:32","guid":{"rendered":"https:\/\/stock999.top\/?p=11150"},"modified":"2026-07-15T10:28:32","modified_gmt":"2026-07-15T10:28:32","slug":"ashtead-expands-in-australia-with-bolt-on-acquisition-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=11150","title":{"rendered":"Ashtead expands in Australia with bolt-on acquisition \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Ashtead seeing continued growth<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Ashtead Technology, a provider of subsea technology solutions to the global offshore energy sector, has announced further expansion in Australia with the acquisition of a business in Perth.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Seadraulics is a small ROV tooling business with annual revenues of \u00a31m which will act as a platform to expand Ashtead\u2019s full-service capability in the Australian market.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In a trading update for the first half of the year the Aberdeen-based company said it has seen continued revenue growth despite challenging markets.\u00a0 <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Agile project execution and strict cost-control measures have offset the impact of delays to clients\u2019 project activities due to conflict in the Middle East and weaker renewables activities in Taiwan.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The 650-employee group delivered revenues of approximately \u00a3100.2m in the first half of 2026, representing growth of c.1% over the prior year period<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Adjusted EBITDA margin for the period is expected to be c.37.8% (H1 2025: 38.7%) with resultant EBITA margin of c.25.0% (H1 2025: 27.3%), marginally lower than prior year due to the revenue impact from lower rental activity in the Middle East and Asia, and an overall higher proportion of lower margin, non-rental revenues, linked to project scheduling. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Margins are anticipated to strengthen during the seasonally stronger second half, with full year EBITA margin percentage target remaining in the high twenties.<\/p>\n<p class=\"wp-block-paragraph\">Bulletin:\u00a0Sign up for our breakfast email of the day\u2019s breaking news<\/p>\n<p>           \t            #Ashtead #expands #Australia #bolton #acquisition #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ashtead seeing continued growth Ashtead Technology, a provider of subsea technology solutions to the global&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[3467,17105,17103,5329,17106,272,306,2983,17104],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/11150"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11150"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/11150\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}