Aker Solutions: Optimized supplier company

Aker Solutions is an optimized supplier company. In its strength as a supplier, Aker Solutions’ ambition is to contribute to accelerate the transformation to more sustainable energy production.

Today, the company’s main focus is engineering and oil service. Business growth will take place within renewable energy industry areas and low carbon solutions. The aim is for this to account for one-third of Aker Solutions’ revenue in 2025, compared to just under 5 per cent in 2020.

Listed:
Oslo Børs
Share of Aker's total assets (3Q20):
3.4%
Geographic marked:
International
CEO:
Kjetel Digre
Sector:
Oil service
Chairman:
Leif-Arne Langøy
Category:
Oil and gas service
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Aker’s ownership agenda

Aker holds 33 per cent of the shares in the new Aker Solutions. Aker’s top priorities for Aker Solutions are increased competitiveness within oil and gas, as well as the low-carbon segment, success in winning new contracts and openness to partnerships, alliances and transactions that open for further expansion. Aker supports Aker Solutions’ work to commercialize products and solutions which reduce CO2 emissions, including subsea gas compression and unmanned platforms. An important part of Aker’s ownership agenda is also to ensure that Aker Solutions is an industry leader in applying industrial software, utilizing technology and digitalization. The company will continue to work to further develop good relations with its customers and partners, implement operational improvements and strengthen capital.

Kjell Inge Røkke, Øyvind Eriksen og Jan Arve Haugan represent Aker on Aker Solutions’ board of directors.

Accelerating the transition to sustainable energy production

Check out why Aker Solutions and Kvaerner are merging to form a stronger and more robust supplier company – founded on Norway’s leading engineering and manufacturing environment.

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Advanced user of technology and industrial software

In the fall of 2020, Aker Solutions and Kvaerner merged into a powerful supplier company – based on Norway’s leading engineering and manufacturing business areas. The “new” Aker Solutions will be an industry leader in applying technology and industrial software throughout its value chain of engineering services, procurement and fabrication.

Aker Solutions and Kvaerner were complementary in important competence and capacity business areas. As a merged company, they will play a role as a supplier that accelerates the transition into a more sustainable energy production – whether it is oil, gas or renewable energy. Aker Solutions has operations in more than 20 countries.