Aker Solutions
Aker Solutions ASA engineers and builds energy infrastructure while providing a range of products and consultancy services to low-carbon and renewable energy projects. Based in Oslo, the company's critical offerings to the energy industry include the systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.
| Company type | Allmennaksjeselskap |
|---|---|
| OSE: AKSO | |
| Industry | Oilfield services Engineering |
| Predecessor | Aker Mechanical Workshop (1841) |
| Founded |
|
| Headquarters | Fornebu, Norway |
Area served | Worldwide |
Key people |
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| Revenue | NOK 22,461 million (2017) |
| NOK 571 million (2017) | |
| 1,179,000,000 Norwegian krone (2022) | |
| Total assets | NOK 19,736 million (2017) |
Number of employees | 6,000 |
| Parent | Aker ASA |
| Website | www |
Founded in 1841 as Akers Mekaniske Verksted, the company has been called Aker, Aker Kvaerner and Aker Solutions (2008). In 2020, the company announced a merger with Kværner ASA. In 2023, the company trades on the Oslo stock exchange under the symbol 'AKSO'.
Aker Kværner was founded in 2004 from the major restructuring of a complex "Aker Kværner" business unit formed in 2002 by the merger of Aker Maritime and Kværner Oil & Gas. On 3 April 2008, Aker Kværner was renamed Aker Solutions in part due to the difficulty non-Scandinavians found in pronouncing "Kværner".
The company was majority controlled by Aker ASA until 2007. Then, via major ownership restructuring on 22 June 2007, Aker ASA gave up its holding in Aker Solutions and transferred a 40% stake to Aker Holding, which in turn was owned by Aker ASA (60%), the Norwegian Ministry of Trade and Industry (30%), SAAB (7.5%) and Investor AB (2.5%).