Baker Hughes’ Subsea Drilling Systems and MHWirth: Complete Merger to from HMH
The merger of Baker Hughes’ Subsea Drilling Systems business and Akastor’s wholly-owned subsidiary, MHWirth AS, has been completed to form a global offshore drilling equipment company. The new company will be known as HMH (“the Company”), and as previously announced, Baker Hughes and Akastor own equal equity in the Company. HMH …
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: 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 …
Rosneft: Signs JV with Keppel Offshore & Marine and MHWirth For Offshore Drilling Rigs
Rosneft, Keppel Offshore & Marine and MHWirth have signed shareholders’ agreement on establishing a Joint Venture (JV) for the creation of Design and Engineering Center for offshore drilling rigs in Russia. The main tasks of the Center established by the JV (Rosneft – 45%, Keppel Offshore & Marine – 45%, …
AKASTOR: Q2 Results – NOK 18.7 billion Order Backlog
The challenging market situation has continued in the second quarter, resulting in a mixed performance of the investments. Overall, the majority of the portfolio companies have had satisfactory performance during the second quarter. As in the previous quarter; MHWirth is the company where the market situation is having most impact. …