Aker Solutions acquires Managed Pressure Operations

Aker Solutions (Oslo Børs:AKSO) has acquired Managed Pressure Operations International Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling, and managed pressure drilling systems.

Offshore staff

OSLO, Norway– Aker Solutions (Oslo Børs:AKSO) has acquired Managed Pressure Operations International Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling, and managed pressure drilling systems.

MPO currently employs 100 people in operating subsidiaries in Singapore, Dubai, Jakarta, and Houston.

Aker also has confirmed that the transaction to buy a majority stake inEnovate Systems Ltd. has been closed. The financial details of the acquisition were undisclosed.

2/27/2013

More in Company News