Arab Petroleum Investments Corporation

APICORP attains interest in Ashtead’s offshore oil technology

April 21, 2016

The Arab Petroleum Investments Corporation (APICORP) said Tuesday that it has acquired a controlling interest in Ashtead Technology, a global provider of underwater equipment and services to the offshore oil and gas industry. APICORP, which made the transaction in collaboration with Buckthorn Partners, said the acquisition aligns with its diversification objectives