International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in twelve new Matrix MK II+ multiplexers from Innova. The Matrix is an established and proven stand-alone fibre optic multiplexer and control solution. It provides a simple plug and play interface for a large array of sensors and equipment to any …

Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021. The Aberdeenshire subsea equipment provider benefitted from “improving market conditions” last year in both offshore wind and oil and gas. As a result its full year revenue is expected to be around £55 million, up 30% on 2020 and ahead of previous guidance. Read the full story here. Photo …