Ember Infrastructure Management to Acquire Ashtead Technology for £505 Million

Ember Infrastructure Management has agreed to acquire Ashtead Technology Holdings PLC through its controlled vehicle, Pine Acquisition UK Bidco Limited. The deal values the company at approximately £505 million on a fully diluted basis, with shareholders receiving 615 pence per share in cash.

This offer represents an 80.9% premium over the closing price recorded on September 22, 2026. The board of directors of Ashtead Technology has unanimously recommended the acquisition to its shareholders. The transaction will be executed as a scheme of arrangement under the Companies Act 2006.

Completion of the deal is conditional upon court sanction and the approval of a majority of shareholders representing at least 75% in value of the shares voted. The parties expect the acquisition to close in late 2026 or early 2027.