Aker Solutions ASA Completes Acquisition of Majority Stake in Enovate Systems Limited
Aker Solutions ASA announced that the transaction to buy a majority stake in Enovate Systems Limited, a technology company within subsea well control equipment, has been closed. Aker Solutions on January 29, 2013 announced that it had agreed to buy a controlling stake in Aberdeen-based Enovate. The transaction was closed on February 26, 2013. Enovate's financial results will be consolidated in Aker Solutions' subsea business area. The financial details of the acquisition are undisclosed.
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