Aker Solutions ASA : Aker Solutions completes Enovate transaction
27 February 2013 - Aker Solutions confirms that the transaction to buy a
majority stake in Enovate Systems Limited, a leading technology company within
subsea well control equipment, has been closed.
Aker Solutions completes Enovate transactionAker Solutions on January 29
announced that it had agreed to buy a controlling stake in Aberdeen-based
Enovate.The transaction was closed on 26 February 2013. Enovate has developed
a wide range of unique and patented components and products for use in open
water workover systems, in riser workover systems, rigless intervention
systems and drilling safety systems.
Enovate's financial results will be consolidated in Aker Solutions' subsea
business area. The financial details of the acquisition are undisclosed.
For further information, please contact:
Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94
55 23, Mob: +47 92 03 00 33, E-mail: email@example.com
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: firstname.lastname@example.org
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
27 500 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had
aggregated annual revenues of approximately NOK 36.5 billion. The company is
listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and
is subject to our disclaimer, see www.akersolutions.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.