Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Aker Closes Enovate Acquisition

change text size

Norwegian oilfield services company Aker Solutions announced Wednesday that it has closed a deal to buy a majority stake in Enovate Systems – a specialist in subsea well control equipment. Aker announced at the end of January that it had agreed to buy a controlling stake in the Aberdeen-based firm.

Enovate has developed a range of patented components and products for use in open water workover systems as well as in riser workover systems, rigless intervention systems and drilling safety systems.

Founded in 2002 and now employing 62 people, Ennovate had revenues of approximately $23.6 million in 2012 and an EBITDA profit of $7.8 million.

Aker intends to see Enovate continue to be developed as an independent supplier of well control equipment.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aker Appoints New Business Heads (Mar 27)
 -  OGDCL Discovers Oil at Palli Deep-1 We... (Mar 26)
 -  Swiber Lands $405.6M Contracts, Includ... (Mar 26)
 -  Genel Raises Debt to Fund Kurdistan St... (Mar 26)
 -  Alam Maritim's JV Deepsea to Acquire O... (Mar 25)
Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Mechanical Engineer
Expertise: Mechanical Engineering
Location: Houston
 
Mechanical Engineering Department Manager
Expertise: Mechanical Engineering
Location: Houston
 
Mechanical Supervisor - LNG
Expertise: Mechanical Engineering
Location: Houston
 
search for more jobs