|
contents | business | |||||||||
| Aker Solutions buys stake in Benestad and Phaze Technologies Norwegian contract giant Aker Solutions has acquired 70 percent of the Norwegian companies Ing. Harald Benestad AS (Benestad) and Phaze Technologies AS, leading suppliers of controls and power distribution products and advanced instruments for subsea applications. Benestad and Phaze Technologies, founded and owned by Harald, Pål and Randi Benestad, are well established globally in the subsea industry and have been among the key suppliers to Aker Solutions as well as other major subsea companies for a number of years. Both companies are located in close proximity to Aker Solutions' subsea technology and manufacturing centre in Lier, Norway, and employ 33 people and with a 2010 operating revenue of NOK 49 million (USD 9 million). Benestad, a highly specialised materials science company, delivers high technology products for hostile, extreme pressure and high temperature subsea environments. All subsea instruments and power consumers require leak free connections through pressure housings and Benestad's power and signal penetrators are viewed by Aker Solutions as the best quality with the highest functionality in the industry. Phaze Technologies provides advanced and reliable instruments for hydrocarbon leak detection, water leak detection, pressure and temperature measurements and water cut metering. The market for such products is growing as a consequence of more stringent environmental regulations and optimisation of production from subsea fields. write your comments about the article :: © 2011 Construction News :: home page |