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UK Subsea Equipment Firm Sells US Instruments Business

Ashtead Technology, announces the sale of its North American Instruments business. The Instruments business, which specialises in the rental of onshore environmental monitoring, non-destructive testing and visual inspection equipment, has been acquired by New Jersey-headquartered Pine Environmental Services LLC. Allan Pirie, CEO at Ashtead Technology, said: "The divestment of the North American Instruments business is a key step in our long-term growth strategy to focus on our Offshore business…