"The acquisition of Phoenix secures the delivery of key elements to our deepwater drilling riser technology" said Svein Haug, Senior Vice President Umbilical and Risers, Aker Kvaerner Subsea. "We believe Aker Kvaerner can help Phoenix realize their full growth potential. Phoenix has a significant growth potential and we believe that Aker Kvaerner can contribute to further expand this company."
Phoenix was established in 2003 and has its offices and manufacturing facilities in Aberdeen.
The company will continue to trade under the successful Phoenix name.
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