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Aker Solutions

Aker Solutions is a global oil service company that delivers Subsea and Field Design services, technologies, products and solutions.

AKER’S ENGAGEMENT
Aker owns 70 per cent of the shares in Aker Kværner Holding AS, which in turn owns 40.6 per cent of the shares in Aker Solutions, giving Aker an equity interest equivalent to 28.4 per cent in Aker Solutions. Aker also owns 6.4 per cent of the shares in Aker Solutions directly, bringing its total stake to 34.8 per cent.

Øyvind Eriksen and Kjell Inge Røkke represent Aker on Aker Solutions’ board of directors.

In 2016, Aker Solutions’ share price rose from NOK 30.30 to NOK 41.37 as at 31 December 2016. Aker’s shareholding was valued at NOK 3.9 billion at the end of 2016, equivalent to 9 per cent of Aker’s total assets.

AKER’S OWNERSHIP AGENDA
Aker Solutions is delivering orders and projects satisfactorily in a demanding oil service market. It is simultaneously reducing its cost base through measures and steps to secure operational improvements. Capital discipline has high priority, and the company’s balance sheet is robust. This provides a strong platform for the further development of Aker Solutions.

Aker is focused on ensuring that Aker Solutions wins new contracts with satisfactory margins. To succeed in this regard, the company must develop first-class customer relationships and remain focused on further operational improvements and optimisation of its capital base. At the same time, the global oil service industry is consolidating, and Aker Solutions has entered into several cooperation agreements and alliances. Aker is taking an active approach in its capacity in order to strengthen Aker Solutions’ industrial operations in the international market.

For more information, please visit www.akersolutions.com .

Aker Solutions

Listed:
Oslo Børs

Geographic marked:
International

Sector:
Oil and gas

Category:
Oil and gas service

Share of Aker's total assets (4Q16)
9%

CEO:
Luis Araujo

Chairman:
Øyvind Eriksen

Website:
www.akersolutions.com