Aker Solutions buys majority stake in Benestad and Phaze Technologies

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. 

Benestad delivers high technology products for hostile, extreme pressure and high temperature subsea environments.
Phaze Technologies provides advanced and reliable instruments for hydrocarbon leak detection, water leak detection, pressure and temperature measurements and water cut metering. 

Both companies will continue to operate as independent companies with existing management and brands servicing a broad range of long standing clients. 

Completion of the agreement is subject to clearance by Norwegian competition authorities.