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Aker takes major stake in Enovate

AKER Solutions has taken a majority stake in subsea well control equipment supplier Enovate.

The financial terms of the deal have not been disclosed and it has still to be approved by Norwegian competition authorities.

Aberdeen-based Enovate was set up in 2002 and has 62 staff.

Aker highlighted the "wide range of patented components and products" which Enovate produces as a major attraction.

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