Ace Winches: Ashtead Technology buys ACE Winches for 53.5m, lifts FY outlook
AIM-listed Ashtead Technology lifted its full-year expectations on Thursday as it announced the acquisition of ACE Winches from its founders Alfie and Valerie Cheyne, for £53.5m in cash.
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Ace Winches is a Scotland-based company that manufactures products such as winches, umbilical reelers, and track tensioners for sectors including marine and oil and gas.
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