Ashtead Technology Holdings (AT.): Offer for the company
This situation live
AT. Ashtead Technology Holdings
23 Sep 2026 · approach · 615p · +12% until the next step
The Board of Ashtead Technology is considering the Proposal with its advisers and is providing Ember with preliminary due diligence information.
Offer for the company
offer
Offer615p in cash
Premium+81% on 340p
Boardrecommends
BidderPine Acquisition UK Bidco
As of 21 Oct 2026 ↗
Every step · 2
- 23 Sep 2026 approach · 615p – The Board of Ashtead Technology is considering the Proposal with its advisers and is providing Ember with preliminary due diligence information. ↗
- 21 Oct 2026 offer – The board believes that the Acquisition recognises the strength of the Ashtead Technology Group and provides shareholders with a compelling opportunity to... ↗
What is happening
Ashtead Technology Holdings: Offer for the company – offer. ['offer']
- In short
- Ember's unsolicited approaches began in September 2026; the fourth cash proposal at 615p was the first the Board engaged with (23 Sep 2026). On 21 Oct 2026 the boards agreed a recommended 615p cash offer valuing the company at about £505m, an 80.9% premium to the undisturbed price. It will go through a scheme of arrangement.
- Announced
- 23 Sep 2026 · approach · 615p
- Latest
- 21 Oct 2026 · offer
- Offer
- 615p cash per share, about £505m fully diluted (announced 21 Oct 2026)
- Premium
- 80.9% to 340.0p close on 22 Sep 2026; 59.3% to 3-month VWAP of 386.1p; 60.2% to 12-month VWAP of 383.8p
- Bidder
- Pine Acquisition UK Bidco Limited, controlled by funds managed and advised by Ember Infrastructure Management, LP
- Board view
- Directors unanimously intend to recommend; they consider the terms fair and reasonable
- Irrevocables
- From directors holding shares: 1,822,898 shares, about 2.3% of issued share capital
- Conditions
- 75% by value at the Court Meeting, 75% of votes at the General Meeting, court sanction, and Appendix I conditions
Briefing
Ashtead Technology Holdings in 4 minutes
Ashtead Technology rents and sells specialist underwater equipment, and the engineers to run it, to offshore oil, gas and wind projects. Acquisitions took revenue from £73m in 2022 to £203m in 2025, but organic...
- Act 1Buying growth: WeSubsea, Hiretech and ACE Winches
- Act 2The £63m Seatronics deal and a heavier balance sheet
- Act 32025: a slow ramp-up and the move to the Main Market
From the company's own announcements. Not investment advice.
Also at Ashtead Technology Holdings 1 open
Upgrade / downgrade cycleMiddle East conflict exposure – Guidance cut confirmed; H1 impact reported
Ashtead Technology Holdings – company page →