Baker Hughes and Akastor ASA Announce Joint Venture Company to Deliver Global Offshore Drilling Solutions
Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers …
Akastor ASA: MHWirth Strengthens Onshore Aftermarket Services Through Acquisition of Bronco Manufacturing
Akastor ASA’s wholly owned subsidiary MHWirth AS, has today entered into agreements with Bronco Holdings LLC for the effective purchase of 100% ownership interests in Bronco Manufacturing LLC for a total consideration of USD 31.5 million. The agreements are formally entered into through MHWirth’s US subsidiary, MHWirth Inc. Bronco is …
Akastor ASA: First Quarter Results 2019
· Total revenues were NOK 1 070 million, up 21% compared with the same quarter previous year · EBITDA was NOK 92 million, including positive effect of IFRS 16 (new lease standard) of NOK 27 million · Net interest-bearing debt was NOK 290 million (excluding lease liabilities from IFRS 16), …
Akastor ASA: Fourth Quarter Results 2018
PERFORMANCE SUMMARY Q4 2018 · Total revenues were NOK 1 090 million, up 22% compared with the same quarter previous year · EBITDA was NOK 63 million, at the same level as EBITDA in Q4 2017 adjusted for several special items · Net interest-bearing debt was NOK 146 million, increased by NOK 70 million …
Akastor ASA: MHWirth Strengthens Leadership
Merrill A. “Pete” Miller Jr. appointed Executive Chairman and Eirik Bergsvik appointed CEO Akastor ASA, an oil service investment company, today announced that Pete Miller has been appointed Executive Chairman of MHWirth and Eirik Bergsvik as CEO. Both changes are effective today. Akastor Chairman Kristian Røkke says: “Pete Miller has …
Akastor ASA: First Geo and AGR Combine to Create Leading Provider of Well, Reservoir and Software Services
Akastor ASA, through its wholly owned subsidiary Akastor AS, has today entered into agreements with Silverfleet Capital, DNB Bank ASA and Nordea Bank Abp, filial i Norge (together the AGR stakeholders) to combine AGR Bidco AS (AGR) with First Geo AS (the Transaction). The Transaction will be carried out primarily …
Akastor ASA: Akastor Signs Agreements to Form Joint Venture for the AKOFS Offshore Business
Akastor ASA has today entered into a Share Purchase Agreement with MITSUI & CO., LTD, and Mitsui O.S.K. Lines, Ltd. for transfer of 50% of its shares in AKOFS Offshore in order to form a joint venture ownership. The Share Purchase Agreement is entered into jointly with a Shareholders Agreement …