aker solutions

Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions’ strengths in subsea production and processing systems with Baker Hughes’ expertise …

Aker Solutions has completed the sale of its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the global offshore and shipping markets. …

The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year on EQT’s equity investment. Aker Solutions will book a gain before any earn-out …

Aker Solutions‘ increased attention to operations and return on equity is starting to pay off after a challenging start to the year. The company will today at its capital markets day announce that all business areas are committed to improvement programmes that will start translating into double-digit profit margins for …

Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion. The agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year …

Key Developments Aker Solutions’ earnings for the second quarter of 2013 were impacted by low capacity utilisation in the engineering business as new orders waned. The result was also pushed down by idle-time at the Aker Wayfarer and the Skandi Aker vessels as well as a minor loss in the …

Aker Solutions has acquired UK specialist engineering company International Design Engineering And Services Ltd (I.D.E.A.S) to boost its asset integrity management services. Glasgow, Scotland-based I.D.E.A.S. has developed software and technology that dramatically improves the quality and accuracy of integrity and life time analysis for oil and gas assets. The analysis …

Aker Solutions won a contract from Caspian Drilling Company Ltd (CDC) to provide a complete topside equipment package for a new semi-submersible drilling rig in Baku, Azerbaijan. The parties agreed not to disclose the value of the order. Aker Solutions has previously delivered drilling equipment to eight drilling rigs operating …