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Investments

Industrial Holdings

Aker’s industrial holdings totalled NOK 54.2 billion at the end of 2019. This equates to 88 per cent of the total asset value of Aker ASA and holding companies.

The industrial holdings portfolio comprises the investments in Aker BP, Aker Energy, Aker Solutions, Akastor, Kvaerner, Ocean Yield, Aker BioMarine and Cognite. Aker has a long-term investment horizon for these companies.

Aker is actively involved in the development of its eight industrial portfolio companies, cooperating closely with each company’s board and management. Every investment is monitored by Aker’s management with the support of a dedicated  investment team. Aker also has representatives on the various company boards.

Ownership is exercised primarily in the board rooms of the individual companies. Aker also functions as a knowledge centre, as its staff possess valuable industrial and strategic knowhow and cutting-edge expertise in areas such as capital market  operations, financing, restructuring, transactions, macroeconomics, communications/investor relations and legal. These
resources are available not only to Aker’s management in its continuous follow-up of the operational companies, but also to
each individual company.

Akers total ownership
Aker Horizons is a holding company with a portfolio of companies in the renewable energy and green technologies space. It has a flexible mandate to engage in active ownership to build leading companies in emerging industries, M&A and long-term value creation.

Aker BP is a fully-fledged E&P company. Measured in terms of production, Aker BP is one of Europe’s leading independent listed oil companies.
Aker Solutions is a global oil service company that delivers technologies, products and solutions in the subsea and field design segments, as well as offshore maintenance, modification and operational (MMO) services.
Akastor is an oil service investment company with a portfolio of companies. It has a flexible mandate to engage in active ownership and long-term value creation.
Kvaerner is a specialist provider of engineering, procurement and fabrication services for the offshore oil and gas industry, as well as the renewables industry.
Ocean Yield charters out vessels on long-term contracts, a strategy which offers predictability with respect to future earnings and dividend capacity
Aker BioMarine is an integrated biotechnology company that develops, markets and sells krill-based ingredients for the consumer nutritional upplements and animal feed markets.
Aker Energy owns 50 per cent of the Deepwater Tano Cape Three Points oil field in Ghana.
Cognite is an industrial software company which enables companies in the oil and gas industry and other capital-intensive sectors to improve their operations through efficient data collection and sharing.